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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 $3.87, and

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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 $3.87, and the puts cost $1.75. The risk-free rate is 4.5%. If the put options are mispriced, what is the profit per option assuming no transaction costs

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