a. Circular File stock is selling for $20 a share you see that call options on the stock with exercise price of $14 are selling at $5 What is riskless profit you may receive? (Round your answers to the nearest whole dollar.) Riskless profit 1 What will happen to the option price as investors identify this opportunity? (That is what has to happen to the call price in order to make the profit opportunity disappear?) Investors will drive up the call price until the profit opportunity disappears The minimum price of the call will be s6 b. Assume the the current selling price for Circulats He is the same as in parta Now you observe tha put options on Circular File with exercise price $28 are selling for $6. What is the riskless profit? (Round your answers to the nearest whole dollar) Riskless profit What should the minimum price of a put be (so a profit opportunity will no longer exist) The minimum price of a put