14. Verify that when there are transaction costs, the lower no-arbitrage bound is given by equation (12).

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Derivatives Markets Pearson New International Edition

ISBN: 978-1292021256

3rd Edition

Authors: Robert L. Mcdonald

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14. Verify that when there are transaction costs, the lower no-arbitrage bound is given by equation (12).

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Derivatives Markets Pearson New International Edition

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