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Please show detailed steps. Thank you 8. (10 pts) Use the arbitrage arguments to prove that in a simple market model, the price of a

image text in transcribedPlease show detailed steps. Thank you

8. (10 pts) Use the arbitrage arguments to prove that in a simple market model, the price of a call option with strike price K >0 and expiring at time T = 1 must satisfy C(0

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