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e ) For the remaining parts of the problem, assume that P 3 = 5 0 . Compute the state price vector. Is the state
e For the remaining parts of the problem, assume that P Compute the state
price vector. Is the state price vector unique?
f Compute the stochastic discount factor.
g Suppose that a fourth security is introduced that pays in a recession, in
normal times, and in a boom. What is the noarbitrage price of Security
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