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2. Consider a market with 3 risky assets and 3 states of nature. The one-period payoff matrix is given by Z=4213/27/34/3523 where column i of

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2. Consider a market with 3 risky assets and 3 states of nature. The one-period payoff matrix is given by Z=4213/27/34/3523 where column i of Z represents the payoff vector of asset i. The price vector of these 3 asset is p=[6,4,10] (a.) Is the market arbitrage-free? (b.) Is the market complete? (c.) Determine the price in period zero of an asset with payoff vector in period 1 equal to [1,0,3]

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