NETO 20 pts You own a stock that has a current price of $80, A six-month call option on this stock with an exercise price of $70 is selling for $13. A six-month put option on this stock with an exercise price of $70 is selling for $1. Calculate the profit or loss to a written covered call for each of the following stock prices at the end of six months $30 #. $50 il. $70 b. iv. $90 Calculate the profit or loss to a protective put for each of the following stock prices at the end of six months: $30 i. ii. $50 ii. $70 iv. $90 C. If the continuously compounded annual risk-free rate is 5% then explain clearly how you would conduct an arbitrage and calculate your arbitrage profit at the start of the arbitrage