Consider an asset with current price 26 that provides income 0.50 in 3 months time. The price of a 6-month European call on the asset with strike 24 is ct = 1.75 and the risk free rate is 4.5% for all maturities. (i) Show that there is an arbitrage opportunity. (ii) Construct an appropriate arbitrage portfolio to take advantage of the situation and determine the profit per call option used.