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Show that a security market is arbitrage-free with respect to iff it is arbitrage-free with respect to b Here is the set of all self-financing

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Show that a security market is arbitrage-free with respect to iff it is arbitrage-free with respect to b Here is the set of all self-financing trading strategies and is the set of all admissible strategies, that means all with Vp(t)-0 t

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