kindly Solve it Quickly & Stepwise in 3 hour ................................

Question 1. Understanding market completeness/incompleteness. There are four assets and four states: a = [10 - k 40 - 4k 0 0 [0 0 2+2k 2+2k]' (10 40 - 4k 0 0 [0 0 1+k 11+2k] where k is a real number. az = az = a = (a) Write the payoff matrix Ak), for general (b) For what values of k is the market complete? (c) Consider the payoff b) = (11 + k 4 1+k 11 + 2%]'. For what values of k can this payoff be hedged perfectly (i.e., with no hedging error)? Question 1. Understanding market completeness/incompleteness. There are four assets and four states: a = [10 - k 40 - 4k 0 0 [0 0 2+2k 2+2k]' (10 40 - 4k 0 0 [0 0 1+k 11+2k] where k is a real number. az = az = a = (a) Write the payoff matrix Ak), for general (b) For what values of k is the market complete? (c) Consider the payoff b) = (11 + k 4 1+k 11 + 2%]'. For what values of k can this payoff be hedged perfectly (i.e., with no hedging error)