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Q1.) Suppose an American put is trading for 9$ and an American call is trading for 12.00, where both options have identical trading terms.The underlying Stock price is 100$ and exercise price is 101$. The annual risk-free-rate is 4 percent and time to expiration for both options is 3 months. Assuming that the stock pays no dividends, identify if you can develop an arbitrage strategy. If there is an Arbitrage using put-call parity how will you generate arbitrage profits? Show the Exact Amount (20 points).