1. The price of futures contract of ICICI Bank expiring on 29-July-2021 is INR 625.10 (as on 20-May-2021). The stock price of ICICI Bank on 20-May-2021 is INR 619.40. Is the futures contract fairly priced? If not, how can a trader exploit the arbitrage opportunity? Assume a risk-free rate of 6%.

2. As on 20-May-2021, the price of call option on ICICI Bank with a strike price of INR 600 and expiry on 29-July-2021 is INR 79.50. The price of a put option with same strike price and expiry is INR 52.45. Does the put call parity hold true?. If not, how can a trader exploit the arbitrage opportunity. Assume a risk-free rate of 6%.