Candy Ltd. shares are currently trading at $26. The following European options are also trading on Candy shares, both with a strike of $24 and 18 months until expiry: - Call options trading at $3.32. - Put options trading at \$3.20. The risk free rate is 5% compounded continuously. a) Show your calculated values on the upper and lower bounds for both call and put options. (4 marks) b) Are there any violation on the bounds? If so, which option? ( 1 marks) c) Describe a trading strategy to exploit the above arbitrage opportunity, In addition, provide details and calculations to prove that this is indeed an arbitrage opportunity