There are two future states and two securities with the associated payments matrix (states x securities) Q=([8,2],[2,8]) The first security current arbitrage-free price is 2.7 and the second security current arbitrage-free price is 6.2. Compute the discount factor (round your answer to 2 decimal points if necessary). Hint the calculations do not require matrix inverse Suppose there are two periods: current and future, and three possible states in the future period, Good (G), Fair (F) and Bad (B). Three major financial instruments. T-bill, the Nasdaq index fund, and the Dow Jones index fund, are available on the market. They have the following payoffs in each state. The current arbitroge free-price of T-bill is 9 and the following information about the arbitrage-free atomic prices is known: PG = 0.23,PB=0.36 Compute the atomic price of the Fair state. Enter your answer using 2 decimal points. Risk-neutral probabilities are always Select one: negative equal to atomic prices equal to physical probabilities equal to forward atomic prices less than physical probabilities