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Given the following data as of the close of trading on 10/26/18: Quest Diagnostics (DGX): 91.47 T-bill: Asked 2.28, Days to Maturity 84 A call

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Given the following data as of the close of trading on 10/26/18: Quest Diagnostics (DGX): 91.47 T-bill: Asked 2.28, Days to Maturity 84 A call option maturing on the same day as the T-bill and struck at 880 trades at a premium of $11.00 What is the minimum profit from the following arbitrage strategy? Find the nearest answer. Position Cash Flow Today Expiration, DGX 80 Buy call -11 +91.47 Short DGX Invest in T-bill -80.47 TOTAL 0 Profit? Profit? a. 0.70 Ob.0.90 OC. 0.60 Od.0.80

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