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please explain why A European call option written on a non-dividend paying stock has a strike price K = 70, it matures in T =

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please explain why

A European call option written on a non-dividend paying stock has a strike price K = 70, it matures in T = 4 months and it is trading for c = 50.47. The stock's spot price is so = 120. The continuously compounded risk-free rate is 6% per annum. The present value of the arbitrage profit is AT LEAST: Number

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