3) The data below summarizes data for call and put options on a stock trading at a current price of $425.06 The options all have 1 month to expiry and the risk-free rate is 1% as an annual rate. Calls Puts IV Delta Bid Ask Strike Bid Ask Delta IV 24.020.62619.9020.15 415 9.70 9.85-0.373 23.7 23.860.572 17.0017.20 42011.7511.90-0.427 23.5 23.750.518 14.40 14.5542515.00 15.25-0.48323.39 23.670.46312.0512.25 43016.7516.95-0.538 23.28 23.610.40910.00 10.20 43519.7019.90-0.593 23.21 23.530.357 4.00 4.20 44022.80 23.40-0.64523.29 Identify any options which are mispriced and in each case state clearly what the nature of the mispricing is, and demonstrate how an investor would set up arbitrage to take advantage of the mispricing