BIS central bankers’ speeches  1  My second example is familiar to you: it is the Emera purchase of Barbados Light and Power (BL&P) shares a couple of years ago. You will recall many people argued that the price being offered was too low, and that based on the company’s earnings or some other criteria, the shares were worth much more.
Those who made such arguments were wrong. There is only one correct price known to economics, and that is the price at which a trade takes place, provided there is no coercion of seller or buyer, and no misinformation as to the quantity or quality of the good or service exchanged.