Consider the contract paying 100ln(S(t))at time t = 0:25: Suppose thecurrent price of the stock S(0) is 125: Observe that the tangent to the logcontract constructed at the point S(0)lies above the log contract. Usethis observation to develop an upper bound for the price of the contractpaying 100 ln(S(t)): The continuously compounded interest rate for thethree month maturity is currently 5:6%:Describe the arbitrage strategyto be conducted if the upper bound was violated.