AP4 Final Bram 92004 — Serlnt latbadlav joes /é ; pelé)2 GD POS) = Ga OTe pela) <8 02-02 =O.) c(t) OD ee Cael y + 0.54054 06F IS j2 Ke pe(2) = by) 03 We = 1% Ye peiz) <@! Because fle marleel rs corig fete and we foand all stave prices ford on fee posed of ure steuttes ard Were frees, andl all shave pres are greater flan 0 ad less Har 1: $3 06 piset vs-, The System of pres ts athtrose Sree. ve Car fort a nthe fre rele:Zi = I 24 0.94 0.3219 ee se = apela)4 (5) * 2bpece) = d) a) oe Se Z : =? his secur ss unbbyring Arbitrage shategg - ee Pee. ; E pe | = -2, 43(2 4/8 )\@ hag "4", bg bant)caecY > nots ~ 132-12 oG 7 $04 cad, K=3 (Bumts) | i w-5 4) +0-2 g aneg (3) ° a \2 * Tn fhe Msage of ath ten ge tact Cuff reo Bebra , because buclaeer £ Cons treats a6 ro locger \ Chetan ys Leullibriacn has syste of PES $406 Shaf > : 2 (adivislal YWlraly os sehroftet Ee Clg HS) 42 lalé,,) J ; th tad» of oy + Mnathel chats: 36° og ar, Mlle, with atbitege marked Aig tare ley Be ofr i, 92405 sarse é) Devin fives are feckandan{ hea Tithes , thes ae sing l, Pree WSC tamen f the are base or pfeer iy (un berly be pred furly CBU Ure hth Tle ble $5 offer nbn- redlan wrong Tesal ts ay ex.) 7, hy LI. (29°) My ani! Hey are Meet Securities Fifer, Sy ae lutte berwolves , because ged cap ted ing pene ivohiaes achreu the same