Suppose that Shantanu thinks that the Red Sox have a 40% chance of winning the 2008 Series and that the clairvoyant comes to Shantanu and offers to tell him who is going to win, for a fee. Assuming...

Suppose that Shantanu thinks that the Red Sox have a 40% chance of winning the 2008 Series and that the clairvoyant comes to Shantanu and offers to tell him who is going to win, for a fee. Assuming that Shantanu is risk neutral, in what range does his value of clairvoyance lie with respect to the deal he faces?

a. Greater than or equal to $0, but strictly less than $50

b. Greater than or equal to $50, but strictly less than $100

c. Greater than or equal to $ 100, but strictly less than $ 150

d. Greater than or equal to $150