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5-A European call option with strike $30 expiring in 4 months is priced at $3. The underlying isa non-dividend paying stock, currently priced at $30.75.

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5-A European call option with strike $30 expiring in 4 months is priced at $3. The underlying isa non-dividend paying stock, currently priced at $30.75. The risk-free rate is 3% per year. b) If the market value of a put option on the same underlying and having same strike and expiring in 4 months is $1, what arbitrage opportunities exist

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