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A stock priced at $61 has three-month calls and puts with an exercise price of $55 available. The calls have a premium of $5.28, and

A stock priced at $61 has three-month calls and puts with an exercise price of $55 available. The calls have a premium of $5.28, and the puts cost $0.56. The risk-free rate is 1.1%. If the put options are mispriced, what is the profit per option assuming no transaction costs? ROUND OUT TO FIVE DECIMALS

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