8. Consider the random walk which in each t time unit either goes up or down the...

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8. Consider the random walk which in each t time unit either goes up or down the amount √t with respective probabilities p and 1 − p where p = 1 2 (1 + μ

√t).

(a) Argue that as t → 0 the resulting limiting process is a Brownian motion process with drift rate μ.

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