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Please make sure the question is fully answered. Its for an American put option, not an European put option. 3) A one-month put option, with

Please make sure the question is fully answered. Its for an American put option, not an European put option.

3) A one-month put option, with a strike of 45, on a non-dividend stock is selling for $2. The stock's current price is $41 and the risk-free interest rate is 5%. Is there an arbitrage and, if so, map out the strategy and sketch the arbitrage payoff diagram

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