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A European call with strike X and maturity T is trading at c. The underlying stock does not pay any dividend. The annual interest rate

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A European call with strike X and maturity T is trading at c. The underlying stock does not pay any dividend. The annual interest rate is re. Suppose c >S-X/(1+r)^T+p. Then you can one call, one share of the stock and X/(1+r)^T to form an arbitrage portfolio. O A. sell, buy, borrow B. buy, sell, lend C. buy, sell, borrow OD. sell, buy, lend

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