2) A ten-month European put option on a dividend-paying stock is currently selling for $4. The stock price is $52, the strike price is $55, and the risk-free interest rate is 6% per annum. The stock is expected to pay a dividend of $3 one month later and another dividend of $3 seven months later. Explain the arbitrage opportunities available to the arbitrageur by clearly demonstrating what would happen under different scenarios