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I. The risk-free rate is 3%. Apple (AAPL) will pay a $3 dividend in 2 months. The price of a 6-month European put on AAPL

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I. The risk-free rate is 3%. Apple (AAPL) will pay a $3 dividend in 2 months. The price of a 6-month European put on AAPL with strike $160 is $12. . The price of a 6-month European put on AAPL with strike $150 is $6 . The price of a 6-month European put on AAPL with strike $140 is $10 . The price of a 6-month European call on AAPL with strike $150 is $13 Describe an arbitrage opportunity. What is the guaranteed minimum profit from this strategy in today's dollars

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