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Let Y and Z be two European contingent claims with maturity T in a gen- eral CRR model with any number T of periods. Assume
Let Y and Z be two European contingent claims with maturity T in a gen- eral CRR model with any number T of periods. Assume that the equality U(Y) = U(Z) holds for some date U such that 0 < U < T. Does this assumption imply that t(Y) = t(Z) for every U < t T? Justify your
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