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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

image text in transcribedimage text in transcribed 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. (c) A=210012 and S=(1,1001)

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