Mark-to-Market for dummies

01

April, 2009

Lets say you own a 1988 Dodge Aries K-car.  Its got 157,000 miles on it.  It is pretty banged up – lots of dents, rusting paint and when you start it up, black smoke comes out of the tailpipe.  You would love to sell this but there are not many buyers for Dodge K-cars and they don’t sell often.  You look on Ebay and see one sold about 3 months ago for $1500.  You think this price is way too low – after all, this is one fine automobile (chicks really dig it).

Now, you are about to fill out a

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