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Denote the prices for call and put options with strike price X and maturity T as Vc and Vp . Denote the price for the

Denote the prices for call and put options with strike price X and maturity T as Vc and Vp.
Denote the price for the future matured at T as Vf
Consider the following two strategies:
1: Long a call and short a put:
Initial payoff: Vp-Vc At maturity: ST-X
2: Short a future: At maturity: Vf-ST
Derive the relationship between Vp, Vc and Vf to avoid arbitrage
Please complete the report writing of the following two questions based on the strategy description in the question.
1. According to the strategy in the question, please deduce the relationship between Vp, Vc and Vf to avoid arbitrage
2. If it is an arbitrage situation, then the call&put needs to be bought or sold at the ask or bid price respectively for arbitrage to occur?

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