QUESTION 13 The price of a European put option that expires in three months and has a strike price of $50 in 85. The underlying stock price is $48.8. The risk-free interest rate is 6% 1. What is the price of a European sall option that expires in three months and has a strike price of $507 (Phrase round your final answer to two decimal places. You can enter your numeric wwer in the blunk) 2. Is there any arbitrage opportunity in the question above if the European call price is $5, and explain the arbitrage strategy Please send your answer/work of part 1 and part 2 to the professor by email. Please do not ask the professor whether it will be manually graded or not. Yes, it will be manually graded after you submit it