Today's Question - Wall Street Math (Didn't these guys run a telecom?) - Sal has only one dollar but needs $1.25. He goes to a pawn shop and pawns the dollar for $.75. He then sells the pawn ticket for 50 cents giving him the buck and a quarter. Who lost on this transaction and why?

Reveal Answer Corner Answer - The loser would be the poor dolt who bought the pawn ticket for 50 cents. Even if the pawnbroker charged no fee (a highly unlikely event), he would have to pay 75 cents more to redeem the dollar. Thus the $1.00 would have cost him $1.25.

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