C. 3 points. Consider a digital call option (sometimes known as a binary call option) which entitles the option holder to $1 if the stock price equals or exceeds the strike price at expiration, and nothing otherwise. A digital put option entitles the option holder to $1 if the stock price falls below the strike at expiration. A non-dividend-paying stock currently trades at 552. A six-month digital call option with strike 50 trades at $0.6536; a digital put option of the same strike and maturity trades at $0.3355. A six-month zero-coupon risk free bond with face value of $100 trades at $99.50. Determine whether there is an arbitrage. If so, demonstrate the arbitrage and calculate the arbitrage profit. If not, show that prices are consistent with no-arbitrage. If there is insufficient data to determine whether there is an arbitrage, indicate why