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6. Assume a finite state economy with three assets whose payoff matrix is given by [30 20 X = 20 15 10 0 a. Is

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6. Assume a finite state economy with three assets whose payoff matrix is given by [30 20 X = 20 15 10 0 a. Is the third asset redundant and why? b. Is the market complete? c. Suppose the prices of the three assets are $25, $17, and $8. Does the Law of One Price hold in this market? d. What should be the price of a new asset that provides payoffs of $10 and $15 in each state, respectively

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