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What are the payoffs of the finite asset

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Reference no: EM131728315

Question: Assume a finite state of economy with three states whose payoff matrix is given by

X = $30 $ 20 $ 10 $20 $15 $0

1) what are the payoffs of the finite asset?

2) is the third asset redundant and why?

3) is the second asset redundant and why?

4) is the market complete?

Reference no: EM131728315

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