Solution

ID: past-exam-of-the-probability-statistics-and-options-ii-course-of-the-university-of-oxford/2009/e/e3/b/iii/alpha/solution

If continuity holds everywhere, it holds at . Conversely, if it holds at , it holds at every other point automatically: the singleton neighborhood from (ii) maps entirely to the single value at that point. Thus continuity everywhere in is equivalent to continuity at in .

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