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Exercise 4 (1 mark for each part). Let St be the current price of a stock that pays no income. Let TBID be the interest

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Exercise 4 (1 mark for each part). Let St be the current price of a stock that pays no income. Let TBID be the interest rate at which one can lend/invest money, and roFF be the interest rate at which one can borrow money. Both rates are continuously compounded. Assume

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