Explain the term complete market
Explain the term complete market.
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A slightly too mathematical, yet even quite easily understood, explanation is to say that a complete market is one for that there exist similar number of linearly independent securities like there are states of the world in the further future.
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Hebner Housing Corporation consist of forecast the given numbers for the upcoming year as follows: • Net income = 180,000. • Sales = $1,000,000. &b
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