As an option trader, you are constantly looking for opportunities to make an arbitrage transaction (i.e., a trade in which you do not need to commit your own capital or take any risk but can still make a profit). Suppose you observe the following prices for options on DRKC Co. stock: $3.20 for a call with an exercise price of $58, and $3.30 for a put with an exercise price of $58. Both options expire in exactly six months, and the price of a six-month T-bill is $94.00 (for face value of $100 ), a. Using the put-call-spot parity condivon, choose the correct graph of synthetically recreate the payoff structure of a share of DRKC stock in six months using a combination of puts, calls, and Trbilis transacted today. The correct graph is istiect. : b. Given the current market prices for the two options and the T-bill, calculate the no-arbitrage price of a share of DRKC stock. Do not round intermediate calculations. Round your answer to the nearest cent. c. If the actual markes price of DRKC stock is $58, demonstrate the arbitrage transaction you could create to take advantage of the discrepancy. Be specific as to the positions you would need to take in each security and the dollar amount of your profit. Do not round intermediate calculations. Round your monetary answers to the nearest cent and other answers to two decimal places. The arbitrage would be to the the stock and Arbitrage profits: 5 t-bills, long cal, short put