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b) An underlying asset is traded at 1500 and a call option on the same asset with strike price of 1200 is available for 235.

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b) An underlying asset is traded at 1500 and a call option on the same asset with strike price of 1200 is available for 235. Are there any arbitrage opportunities possible ? If so, explain the position to be taken by the arbitrageur. List the assumptions that must hold for your answer to be true

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