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3. Suppose an investor invests her money in three different assets-lands, bonds and stocks-and three possible states can occur. The return matrix of these three

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3. Suppose an investor invests her money in three different assets-lands, bonds and stocks-and three possible states can occur. The return matrix of these three assets by states is as follows: 1.050.901.021.521.201.241.371.101.16 Do state prices exist? Is there an arbitrage portfolio? If yes, give one example. If no, explain why

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