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Given the following SPY options prices, could you find any arbitrage opportunities? If so, please construct the arbitrage procedure and calculate the arbitrage profits. (Assume

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Given the following SPY options prices, could you find any arbitrage opportunities? If so, please construct the arbitrage procedure and calculate the arbitrage profits. (Assume SPY does not have any dividends during the period and interest rate is not compounded.) Time to maturity: 3-month interest rate: 3 months Bid: 0.50% Ask:0.75% Strike Bid Ask 191 3.07 3.09 191 3.43 3.45 190.56 190.57 Call put SPY spot price: Given the following SPY options prices, could you find any arbitrage opportunities? If so, please construct the arbitrage procedure and calculate the arbitrage profits. (Assume SPY does not have any dividends during the period and interest rate is not compounded.) Time to maturity: 3-month interest rate: 3 months Bid: 0.50% Ask:0.75% Strike Bid Ask 191 3.07 3.09 191 3.43 3.45 190.56 190.57 Call put SPY spot price

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