The rational valuation formula for stochastic discount factor models is How does this formula simplify, if the
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The rational valuation formula for stochastic discount factor models is
How does this formula simplify, if the SDF can be assumed conditionally uncorrelated,
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E Man Fi ELD+k\Fi] + >Cov|| | Mirn, Dirk k=1 k=1 n=1 n=1 Cov[M,, M+k|F]=0 for k # 0?
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