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A 1 - month European put option on a non - dividend - paying stock is currently selling for $ 2 . 5 0 .

A 1-month European put option on a non-dividend-paying stock is currently selling
for $2.50. The stock price is $47, the strike price is $50, and the risk-free interest rate is
6% per annum. What opportunities are there for an arbitrageur?

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