Show that, if there is a strictly positive SDF, then there are no arbitrage opportunities.

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Asset Pricing And Portfolio Choice Theory

ISBN: 9780190241148

2nd Edition

Authors: Kerry E. Back

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Question Posted: Jul 20, 2024 09:00 AM

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Show that, if there is a strictly positive SDF, then there are no arbitrage opportunities.

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Asset Pricing And Portfolio Choice Theory

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