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1. In each of the following markets decide whether there are any arbitrage opportunities and if so try to identify them by constructing a type
1. In each of the following markets decide whether there are any arbitrage opportunities and if so try to identify them by constructing a type I or type II arbitrage portfolio x. If there is no arbitrage, give a vector of strictly positive state prices consistent with the price of basis assets. (a) A=210111101 and S=(2,1,0.5)
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