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This is a market consisting only of risky securities In an arbitrage free securities market, there are two non dividend-paying stocks, A and B, both

This is a market consisting only of risky securities

In an arbitrage free securities market, there are two non dividend-paying stocks, A and B, both with current price $90. There are two possible outcomes for the prices of A and B one year from now:

Outcome A B
1 $100 $80
2 $60 $ X

The current price of a one-year 100-strike European put option on just B is $15.

Determine all possible values of x.

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