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(Coin market) There is a market for bets on the outcome of a coin toss. The possible outcomes Asset A pays $1 independent of the

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(Coin market) There is a market for bets on the outcome of a coin toss. The possible outcomes Asset A pays $1 independent of the outcome. Asset B pays $1.50 for a head and S0 for tails and $1 if the coin lands on its edge. Asset C pays $10 if and only if the coin lands on its edge (and S0 oterwse The prices of these assets are constant and fixed at $1. We assume that the payments to the winning bidders take place immediately after the outcome is determined

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