2026-07-072026-07-07http://salesiana.dossiersoluciones.com/handle/123456789/228341We derive the exact asymptotics of $P(\sup_{u\leq t}X(u) > x)$ if $x$ and $t$ tend to infinity with $x/t$ constant, for a Lévy process $X$ that admits exponential moments. The proof is based on a renewal argument and a two-dimensional renewal theorem of Höglund (1990).Probability60G50Cramér asymptotics for finite time first passage probabilities of general Lévy processestext