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A European call option and put option on a stock both have a strike price of 20 and an expiration date in three months. Both

A European call option and put option on a stock both have a strike price of 20 and an expiration date in three months. Both sell for 3. The riskfree rate for three month is 2%. The current stock price is 19. Discuss how you can make an arbitrage profit. Be specific in the trades you make and the profit you make.

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