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A stock's current price is $67. A call option with 3-month maturity and strike price of $ 65 is trading for 10, while a put
A stock's current price is $67. A call option with 3-month maturity and strike price of $ 65 is trading for 10, while a put with the same strike and expiration is trading for $20. The risk free rate is 2%. How much arbitrage profit can you make by selling the put and purchasing a synthetic put? (Provide your answer rounded to two decimals.)
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