3. A 6month put option with an exercise price of $55.00 is selling for $2.00. This nondividend paying stocks price today is $51.30. The current interest rate is 3.50% per annum. If there is an opportunity for an arbitrageur, how much money can be made immediately (now or T0)? European options

4. (Continuing with Q# 3): If at maturity 6 months from now, the stock price is higher than the exercise price of $55.00, what will be the cash flow of the arbitrageur? European options

5. (Continuing with Q# 3): If at maturity 6 months from now, the stock price is lower than the exercise price of $55.00, what will be the cash flow of the arbitrageur? European options