Hubble redshift in a static Einstein universe

A new exact solution of Einstein's equation can account for the Hubble redshift in a static universe. The solution can also account for an event horizon at $13.8\pm 1.2$ billion light years and for a distance modulus as a function of redshift, $\mu (Z)=\mu_{0} +5\,\log_{10} [Z\exp (Z/2)]$, that matches Type Ia supernova data sets well with no adjustable parameters. This distance modulus can explain the appearance of cosmic acceleration in a static universe.