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Missi Corp. shares are currently trading at $14.00 each. A three-month put option on this share is priced $0.50 at a strike price of $15.00.

Missi Corp. shares are currently trading at $14.00 each. A three-month put option on this share is priced $0.50 at a strike price of $15.00. The risk free interest is 10% per annum for all maturities. Observing this data, identify and calculate what are the arbitrage opportunities available. (10 marks)

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