A non$-$dividend paying stock has a price of A $3-$month European call option the stock with a strike of $595$ is worth $$9\mathrm{.}90$ Similarly, a $3-$month European put option with the same strike is worth $$3\mathrm{.}80.$ If the continuously compounding interest rate is $5\%$ per annum, show that there is in arbitrage opportunity. Calculate the guaranteed profit made in the arbitrage opportunity