Question: Suppose that X0, . . . , X N is a Pmartingale in the binomial model. Show that if 0 g n g m g

Suppose that X0, . . . , X N is a

Pmartingale in the binomial model. Show that if 0 g n g

Suppose that X0, . . . , X N is a Pmartingale in the binomial model. Show that if 0 g n g m g N, then En(Xm) = Xn {use induction)

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