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Rational pricing is the assumption that asset prices (and hence asset pricing models) will reflect the arbitrage-free price of the asset, as any deviation from this price will be "arbitraged away". This assumption is useful in pricing fixed income securities, particularly bonds, and is fundamental to the pricing of derivative instruments.
Following the failed Forward Thrust initiatives, Metro Transit was created in 1972 to oversee a countywide bus network, and plan for a future rail system. [14] In the early 1980s, Metro Transit and the Puget Sound Council of Governments (PSCOG) explored light rail and busway concepts to serve the region, [15] ultimately choosing to build a downtown transit tunnel that would be convertible from ...
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