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inancial instrument. Eur. Phys. -I. B 71,467-479 (2009). A sophisticated and important analysis of a major flaw in the pricing of derivatives. 22. Pfiska. S. R. fntroduction to Mathematical Finance: Discrete Time Modals (Blackwell. 1997). 23. Arrow, KJ. & Debreu. G. Existence of an equilibrium for a
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