Consider a European put option on Google with strike price $325.00 expiring in 16 months. Suppose that the spot price of Google is $281.00 and the risk-free rate is 3.5%. The put premium is $74.18.

(a) From the known information, is there an arbitrage opportunity? A. Yes B. No

(b) Suppose the stock pays a dividend. Find the range of (the present value of) the dividend for which there is an arbitrage opportunity. If one of the bounds is infinity, simply type "infinity"

Note: Your answer should be in the form of a coordinate pair , e.g. (123.45, 678.90). Do not include dollar symbols ($) in your solution.