please answer and give full steps and detail

Clarisa has been reviewing the prices of options offered on a certain stock. The stock pays dividends continuously at a rate of 1.72% per year. The current price of the stock is 123.00 per share. The price of a 9-month put option on the stock with a strike price of 121 is 7.40 . She notices that a 9-month call option on the stock with a strike price of 121 is being quoted by a market maker with a price of 13.00 . The continuously compounded risk-free rate is 4.00%. a. Does an arbitrage opportunity exist with respect to the market price of the call option? If so, describe a portfolio that Clarisa could create to take advantage of any misprice of the call option. Include the amount of each asset of the arbitrage portfolio and whether they are long or short. Use a payoff table to demonstrate the arbitrage works. How much risk-free profit can Clarisa make if she trades 500 of the market call options, and should she buy or sell the market options