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Suppose there are two states of nature in the future. In the asset market, there are the two contingent claims, one for each state. There's

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Suppose there are two states of nature in the future. In the asset market, there are the two contingent claims, one for each state. There's a third security with payoffs x=(4,2). Suppose the prices of the contingent claims are both 1/2: p(c(s1))= p(c($2))=1/2. The price of the third security is 4. a) What is the payoff matrix X of the asset market? Is the market complete or incomplete? Why? Is there any redundant security? b) What is the price vector p of the securities market?

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