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Persistent link: https://www.econbiz.de/10010241594
This paper examines if (and how) continuous-time trading renders dynamically-complete a financial market in which the underlying risk process is a Brownian motion and the securities pay dividends that are proportional to geometric Brownian motions. A sufficient condition, that the instantaneous...
Persistent link: https://www.econbiz.de/10011185963