Explain why there is an arbitrage opportunity if the implied Black (flat) volatility for a cap is

Question:

Explain why there is an arbitrage opportunity if the implied Black (flat) volatility for a cap is different from that for a floor. Do the quotes in Table 21.1 present an arbitrage opportunity? Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...