Barry Bonds and Mortgage Bonds: Are They So Different?

Matt Murphy, the man who caught Barry Bonds' 756th home run ball, is holding onto a valuable piece of babseball memorabilia. According to some, the ball could fetch as much as $500,000 in auction bidding. If in the future, Barry Bonds is found to have used steroids, though, the value of Home Run #756 will drop dramatically. Most people get this concept. The ball's current valuation model is based on the premise that Barry Bonds did not use performance-enhancing drugs...