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In the Black-Scholes Model, we need to assume that (ONLY ONE ANSWER IS ALLOWED). a. The gain process needs to be tame. b. All of

In the Black-Scholes Model, we need to assume that (ONLY ONE ANSWER IS ALLOWED). a. The gain process needs to be tame. b. All of them are true. c. There are no frictions such as taxes and transaction costs. d. Our trading stategies are predictable and admissible. e. There is continuous trading to rebalance the portfolio

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