Consider the payoff matrix Check if the financial market is complete, and whether or not any cyclical
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Consider the payoff matrix
Check if the financial market is complete, and whether or not any cyclical permutation of the security price form
results in an arbitrage free market.
Transcribed Image Text:
(1 2 D= 3 (s] = (1 2 3)
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No the financial market is not complete There is no cycl ical perm utation of the ...View the full answer
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