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These measures come up in applications in financial mathematics. \\(Q^{\\text{opt}} \\in {\\mathcal M}^s (P)\\) is called variance-optimal if its density has minimal \\({\\mathcal L}^2 (P)\\)-norm. The main result is that \\(Q^{\\text{opt}}\\) is automatically equivalent to \\(P\\) if \\(S\\) is continuous and if \\({\\mathcal M}^s (P)\\) contains at least one element which is equivalent to \\(P\\). [Note that \\({\\mathcal M}^s\\) should read \\({\\mathcal M}^e\\) in Theorem 1.3.] For discontinuous \\(S\\), this conclusion fails in general. 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