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Finanzmarktanalyse I

Finanzmarktanalyse I

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-22-<br />

3. Risiko-Prämie im /fäurn<br />

• Sfœie/les Maß fir tëi'Jwteu (fat^m).<br />

fyffy W<br />

Nejjjr&te Lotterie 2 : -G(2„&lo(),sodaß<br />

E[2] "0: l/n tonfafa/te tew die Mterie<br />

Mn fërmâgens&tijachs ewsttet wens/w.<br />

K>m fy<br />

Loétene<br />

ßi<br />

des<br />

UOt)<br />

fàfto-7tâtie /r(%2), dt tâ/$@@<br />

T v/M/ der lûtisnetâj/noStfer<br />

iï/âytffyé (tierdeti; dm/é liïmfor //tf/ße/x?<br />

der tottene vrti (few Bwrto/gstaert<br />

(•> n ?<br />

rU(H)-V(£fr£])<br />

(/fäpej-rt))) }<br />

»•Jlw* *»•• ••j|C» *<br />

Jrli(N,Z)<br />

iï+2, W- #*&<br />

E[H+2]<br />

Abb.4.10= Neutrale Lotier/e<br />

: -E[V(ltä]<br />

fN

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