ҿתuTMס]arbitrage^vNObXإ~Aݱq׮tֳ\QCҦpG1 iHR 0.7 ^A1 ^iHR 9.5 kԡA1 kԥiHR 0.16 CҥHpGڭ̧ 1 ^AA^kԡA̫AkԴ^A̫o쪺NOG1*0.7*9.5*0.16=1.064 C]NOڭ̥iHq׮t 0.064 A۷ȤF 6.4% C

Ag@ӵXO_oˮMתpAiHpWҭzQqC

nͤ@Ӧ\MסAb~LAlؤ@wo̫᪺ءCOq@ضliHC

CմոƪĤ@CA@Ӿ n]2 = n = 20^AN@hֺعءC

UӪ n CNonإ~ײvഫCCC n-1 ӼơCo n-1 ӼƤONӹ1iHLئh֤]ۤvۤvMO 1AҥHX^CҥH1C n-1 Ӽƨ̧ǤON1إ~1iHA2إ~A3إ~A4إ~…nإ~Uh֤CӲ2C n-1 Ӽƨ̧ǤON2إ~1iHA1إ~A3إ~A4إ~…nإ~Uh֤C̦AnC n-1 Ӽƨ̧ǤONnإ~1iHA1إ~A2إ~A3إ~…n-1إ~Uh֤C

CմոƿX@CAN@sഫʧ@AåBMQݤj 1%] 0.01^CpG@ഫiHWL 1%QqAXഫƳ̤֪CpGഫƳ̤֪@ءA@سiHC`NGbo̥unDഫƳ̤֡ASnDQn̤jAunj 1% NiHFC

t~AٳWw̦huഫ n ]n Oتƥء^C 1, 2, 1 o˪ഫƬ 2C

pGb n ഫLkQWL 1%AX no arbitrage sequence existsC