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A stock priced at $65 has three-month calls and puts with an exercise price of $55 available. The calls have a premium of $3.91, and

A stock priced at $65 has three-month calls and puts with an exercise price of $55 available. The calls have a premium of $3.91, and the puts cost $1.6. The risk-free rate is 1.6%. If the put options are mispriced, what is the profit per option assuming no transaction costs?

Bring out 4 decimal places

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