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Understanding the Impact of Illiquidity on Equivalent Martingale Measures (EMMs) in a Simple...

I'm currently studying a simple market model with an asset $S$ whose price follows a geometric Brownian motion ($dS_t=S_t(μdt+σdW_t)$) and a risk-free asset $B$ ($dB_t=B_trdt$) over a finite horizon $ …
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