Boeing Aerospace currently has a stock price of 167.50. The 1-month options listed below are trading in the market. The term structure of interest rates is flat, with the current 1-year Spot Rate equal to 1.25% (APR with semi-annual compounding). Call Strike Put 9.45 160 1.78 7.41 165 4.36 3.38 170 5.92 a) Are there any arbitrage trading opportunities? If so, identify the trad-ing strategy and profits. b) You have a bearish outlook for Boeing. Using put options and the given prices, which Bear Spread has the: (i) highest maximum payoff; (11) highest potential rate of return; c) Describe the risks of each Bear Spread if the price of Boeing does not change over the next month (i.e. if ST = 167.5). Boeing Aerospace currently has a stock price of 167.50. The 1-month options listed below are trading in the market. The term structure of interest rates is flat, with the current 1-year Spot Rate equal to 1.25% (APR with semi-annual compounding). Call Strike Put 9.45 160 1.78 7.41 165 4.36 3.38 170 5.92 a) Are there any arbitrage trading opportunities? If so, identify the trad-ing strategy and profits. b) You have a bearish outlook for Boeing. Using put options and the given prices, which Bear Spread has the: (i) highest maximum payoff; (11) highest potential rate of return; c) Describe the risks of each Bear Spread if the price of Boeing does not change over the next month (i.e. if ST = 167.5)