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(1) A call option expiring in 3 weeks, struck at $100 is priced at $3.5. The underlying price is $105. Is there an arbitrage opportunity

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(1) A call option expiring in 3 weeks, struck at $100 is priced at $3.5. The underlying price is $105. Is there an arbitrage opportunity in this setting? If so, show how to take the advantage. For simplicity, interest rate is assumed zero

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