One place in Chapter 1 that I don't quite understand

This forum is to discuss the book "the concepts and practice of mathematical finance" by Mark Joshi.

One place in Chapter 1 that I don't quite understand

Postby Arthurlin » Mon Apr 27, 2015 6:41 pm

Hi everyone, I just bought this book. As I was reading through chapter 1, I found a place where I don't understand well. On page 3, Chapter 1, the 3rd paragraph, the book says:"...the value of the asset without taking into account its riskiness must be higher than that of a less risky asset." What is the assumption here about these two assets? Are they have the same market price?
Arthurlin
 
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