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Suppose that a trader with perfect timing ability makes one trading decision - invest 100% in either the market portfolio or the risk-free asset -

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Suppose that a trader with perfect timing ability makes one trading decision - invest 100% in either the market portfolio or the risk-free asset - at the beginning of each period. The one-period payoff pattern that the trader would generate is equivalent to that of on the market portfolio. Select one alternative: a put option a call option a forward contract a futures contract

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