4.3. You are given the price of three different European puts on a stock S. The time to expiration of the puts is 1 year, and the risk free interest rate is 8% compounded continuously. The prices of the puts follow. Strike Put Price 30 3.00 4.91 8.00 32 There are two arbitrage opportunities: one of them involves a bear spread, and the other involves another type of spread. Find both of the opportunities. Give the arbitrage gain of the bear spread opportunity found in problem 4.3 rounded to two decimal places. (Make sure that you are only purchasing one put option.) Enter answer... D 2. Give the arbitrage gain of the butterfly spread opportunity found in problem 4.3 rounded to two decimal places. (Make sure that you write 3 puts in this opportunity.) Enter answer... 4.3. You are given the price of three different European puts on a stock S. The time to expiration of the puts is 1 year, and the risk free interest rate is 8% compounded continuously. The prices of the puts follow. Strike Put Price 30 3.00 4.91 8.00 32 There are two arbitrage opportunities: one of them involves a bear spread, and the other involves another type of spread. Find both of the opportunities. Give the arbitrage gain of the bear spread opportunity found in problem 4.3 rounded to two decimal places. (Make sure that you are only purchasing one put option.) Enter answer... D 2. Give the arbitrage gain of the butterfly spread opportunity found in problem 4.3 rounded to two decimal places. (Make sure that you write 3 puts in this opportunity.) Enter