For a non-dividend paying stock, the current spot price is $40 per share, and the premium of 1-year $40-strike call option is $40. At an annual effective interest rate of 6%, which of the following strategies (if any) constitutes an arbitrage?

Group of answer choices

No arbitrage profit can be made based on the current pricing

Sell a share of the stock and sell a call option

Buy a share of the stock and sell a call option

Buy a share of the stock and buy a call option

Sell a share of the stock and buy a call option