Question: Please show all steps and calculations clearly: the question is attached in the image below: 7 Show that if there is no arbitrage in the

Please show all steps and calculations clearly: the question is attached in the image below:

Please show all steps and calculations clearly: the question is attached in

7 Show that if there is no arbitrage in the market, then any portfolio constructed at time zero that exactly replicates a claim C at time T has the same value at time zero

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