(a) Please derive the lower bound for the European call option on the dividend-paying stock using the following table (D is the present value of future dividends). Today At Maturity T If STSK If Sy>K Long call Short stock Deposit cash -C So -D-Ke-FT (b) A six-month European call option on a dividend-paying stock is currently selling for $5. The stock price is $30, the strike price is $25, and a dividend of $1 is expected in three months. The risk-free interest rate is 10% per annum for all maturities. What opportunities are there for an arbitrageur? (a) Please derive the lower bound for the European call option on the dividend-paying stock using the following table (D is the present value of future dividends). Today At Maturity T If STSK If Sy>K Long call Short stock Deposit cash -C So -D-Ke-FT (b) A six-month European call option on a dividend-paying stock is currently selling for $5. The stock price is $30, the strike price is $25, and a dividend of $1 is expected in three months. The risk-free interest rate is 10% per annum for all maturities. What opportunities are there for an arbitrageur