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8 You happen to notice an arbitrage opportunity. The current stock price of Intrawest is $22 per share and the one-year risk-free interest rate is

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8 You happen to notice an arbitrage opportunity. The current stock price of Intrawest is $22 per share and the one-year risk-free interest rate is 10%. A one year put on Intrawest with a strike price of $20 sells for $6, while the identical call sells for $9. Explain what you must do to exploit this arbitrage opportunity

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