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In frictionless asset markets with exactly two states of nature,1, and 2, the Risk Neutral Valuation Relationship (RNVR) is foundto hold with implied discount factor,delta

In frictionless asset markets with exactly two states of nature,1, and 2, the Risk Neutral Valuation Relationship (RNVR) is foundto hold with implied discount factor,\delta =(5)/(8), and with the 1 answer

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