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2. Consider two calls with the same time to expiration that are written on the same underlying stock. Call One trades for $7 with a

2. Consider two calls with the same time to expiration that are written on the same underlying stock. Call One trades for $7 with a strike price of $100. Call Two has an exercise price of $95. What is the maximum price that Call Two can have? Use the potential arbitrage profits to critically explain your answer.

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