Before revision:  Finally weakening the information own by the agent , and assuming that she only knows a lower-bound  for the terminal value of the interest rate process, we show that the value of the information is finite  .
After revision:  Finally weakening the information own by the agent , and assuming that she only knows a lower-bound for the terminal value of the interest rate process, we show that the value of the information is finite . This solves by an analytical proof a conjecture stated in Pikovsky and Karatzas (1996) .