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Question 5 5 points A European put option written on a non-dividend paying stock has a strike price K = 100, it matures in T

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Question 5 5 points A European put option written on a non-dividend paying stock has a strike price K = 100, it matures in T = 7 months and it is traded for p = 21.62. The stock's spot price is So = 70. The continuously compounded risk-free rate is 5% per annum. The present value of the arbitrage profit is AT LEAST: Number

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