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10 points Save Answer A share of LFK currently trades at $110.7. A call of on LFK stock with exercise price 118 and time to

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10 points Save Answer A share of LFK currently trades at $110.7. A call of on LFK stock with exercise price 118 and time to expiration of 0.7 years costs $9.5, and a corresponding put option with the same exercise price and time to expiration costs $11. The annualized interest rate is 0.03. Assume that LFK does not pay dividends. Calculate the possible arbitrage profit. Use continuous discounting, e-rt round to the nearest cent and don't forget to include the $ sign with your answer. L Moving to another question will save this response. Question 1 of 2 10 points Save Answer A share of LFK currently trades at $110.7. A call of on LFK stock with exercise price 118 and time to expiration of 0.7 years costs $9.5, and a corresponding put option with the same exercise price and time to expiration costs $11. The annualized interest rate is 0.03. Assume that LFK does not pay dividends. Calculate the possible arbitrage profit. Use continuous discounting, e-rt round to the nearest cent and don't forget to include the $ sign with your answer. L Moving to another question will save this response. Question 1 of 2

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