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Consider a one-year at-the-money European call option on Bird Corp shares. The current Bird Corp stock price is $100.00, the risk-free interest rate is

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Consider a one-year at-the-money European call option on Bird Corp shares. The current Bird Corp stock price is $100.00, the risk-free interest rate is 10% per annum and the stock is expected to pay a dividend of $5.00 per share in 18 months' time. Is there an arbitrage if the current market price of the option is $7.35 ?

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