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A six-month put option on ABC with an exercise price of $60 is trading for $3.99. The current stock price is $62. The risk free

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A six-month put option on ABC with an exercise price of $60 is trading for $3.99. The current stock price is $62. The risk free rate is 4%. If the call option is actually selling for $7.50, what is the arbitrage profit you can make today? Use discrete compounding. 1) $0.14 2) $o.19 3) $o.24 4) 50.29 5) $0.34

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