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FINANCE ASSET PRICING Show that if consumption growth is lognormal, then: E(Rmu) R | lolic Fl(C++1/ct) Ver202 (Alnct+1) -1 o(Rmv) (C+1/C)-7] yo(Alnc)

FINANCE \ ASSET PRICING

Show that if consumption growth is lognormal, then: E(Rmu) R | lolic Fl(C++1/ct) Ver202 (Alnct+1) -1 o(Rmv) (C+1/C)-7] yo(Alnc)

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