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Q9 Question 9 5 pts A 1-year European put option on a non-dividend-paying stock is currently selling for $2. The stock price is $45, the

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Question 9 5 pts A 1-year European put option on a non-dividend-paying stock is currently selling for $2. The stock price is $45, the strike price is $51. The risk-free interest rate is 2% per annum for all maturities (continuously compounded). If there exists an arbitrage opportunity, please state clearly the arbitrage strategy and the gain. If not, please explain why

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