Show that equation (5.3) is true by considering an investment in the asset combined with
Chapter 5, Problem 5.20(choose chapter or problem)
Show that equation (5.3) is true by considering an investment in the asset combined with a short position in a futures contract. Assume that all income from the asset is reinvested in the asset. Use an argument similar to that in footnotes 2 and 4 of this chapter and explain in detail what an arbitrageur would do if equation (5.3) did not hold.
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