(b) Consider a market with just 2 assets and 2 states defined by D=(4626),p1=(11),p2=(12) Here D is the pay-off matrix and p1 and p2 are 2 column vectors of initial prices. i. Are the markets composed of D,p1 and D,p2 arbitrage-free? If not, find an arbitrage portfolio. (4 marks) ii. Find the initial prices of a call and a put option with the same strike price of 1.5 on the first asset in the market composed of D,p2. Does Put-Call parity hold