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23) Suppose the current stock price is $100, the exercise price is $100, the annually compounded interest rate is 5, the stock pays a $1

23) Suppose the current stock price is $100, the exercise price is $100, the annually compounded interest rate is 5, the stock pays a $1 dividend in the next inpercentstant, and the quoted call price is $3.50 for a one-year option. Identify the appropriate arbitrage opportunity

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