=+20. Assume that you can own only one type of stock Sn and one type of bond
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=+20. Assume that you can own only one type of stock Sn and one type of bond Bn which both follow the binomial model of price evolution Sn =
Sn−1(1 + ξn
) and Bn = Bn−1(1 + ζn
), where ζn and ζn are independent random variables taking two different values each with non-zero ‘actual’
probability. Is this market model complete?
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