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Put-call parity 90-day European call and put options with a strike price of $45 is priced at $7.5 and $3.70. The underlying is priced at

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Put-call parity 90-day European call and put options with a strike price of $45 is priced at $7.5 and $3.70. The underlying is priced at $48 and makes no cash payments during the life of the options. The risk-free rate is 5%. 1) Calculate the no-arbitrage price of the call option 2) illustrate how to earn an arbitrage profit

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