Question: Consider the cash flows today and at a future date T from two portfolios. There are no cash flows at intermediate dates. For there to

Consider the cash flows today and at a future date T from two portfolios. There are no cash flows at intermediate dates. For there to be no arbitrage opportunities, which of the following statements is/are INCORRECT?

A) If portfolios A and B have the same value today, then they must always have the same value at time T.

B) If portfolios A and B always have the same value at time T, then they must have the same value today.

C) If we subtract portfolio A from B, and the resulting portfolio always has a 0 value at time T, then it must have a 0 value today.

D) If we subtract portfolio A from B, and the resulting portfolio always has a positive value at time T, then it has a positive value today.

E) If we subtract portfolio A from B, and the resulting portfolio has a 0 value today, then it need not have a 0 value at time T.

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