P: EXplain 3. Suppose you observe a European call option that is priced at less than the value Max[0, So X(1 + r). What type of transaction should you execute to achieve the maximum benefit? Demonstrate that your strategy is correct by constructing a payoff table showing the outcomes of expiration. P: EXplain 3. Suppose you observe a European call option that is priced at less than the value Max[0, So X(1 + r). What type of transaction should you execute to achieve the maximum benefit? Demonstrate that your strategy is correct by constructing a payoff table showing the outcomes of expiration