Prove Lemma 6.19. Lemma 6.19 Suppose that the price-dividend couple (S,D) does not admit arbi- trage opportunities
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Prove Lemma 6.19.
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Lemma 6.19 Suppose that the price-dividend couple (S,D) does not admit arbi- trage opportunities and let (8, c) E (xo). Then the following hold: (i) P(W,(0) c) = 1, for all t = 0, 1,..., T;
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Financial Markets Theory Equilibrium Efficiency And Information
ISBN: 9781447174042
2nd Edition
Authors: Emilio Barucci, Claudio Fontana
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