(20 points) Assume an economy has 3 states at date 1. The market is complete. The price of three Arrow-Debreu securities at date 0 are AD1(0) = $0.5, AD2(0) = $0.3, AD3(0) = $0.8. (1) (10 points) What are the risk-neutral probabilities that each state occurs at date 1, q1, q2, and q3? (2) (10 points) A contingent claim X is traded in this market. Date-1 cash flows in three states are V (1) = (3, 2, 0.5). What is the price of this claim, V (0)