Question: Question 7 (10 marks) a) (2 marks) Define pure securities. Are there pure securities traded in Toronto Stock Exchange and New York Stock Exchange? Why

Question 7 (10 marks) a) (2 marks) Define pure securities. Are there pure securities traded in Toronto Stock Exchange and New York Stock Exchange? Why or why not? b) (2 marks) What is the definition of a complete market? Is the market complete in reality? c) (3 marks) What is the importance of pure securities in terms of risk management? d) (3 marks) What is the importance of having a complete market in terms of risk management

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