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(i) (4 pts) Characterize the set of all hedgeable contingency claims for the market matrix 1 M 1 b (1) 1 a a a a

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(i) (4 pts) Characterize the set of all hedgeable contingency claims for the market matrix 1 M 1 b (1) 1 a a a a a where a > b > 0. (i) (4 pts) Characterize the set of all hedgeable contingency claims for the market matrix 1 M 1 b (1) 1 a a a a a where a > b > 0

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