Question II (17 points) A 4-month European call option on a non-dividend paying stock is currently selling for $5. The stock price is $64, and the strike price is $60. The risk-free interest rate is 12% per annum for all maturities. What opportunities are there for an arbitrageur? Please write down all the steps on how to find arbitrage opportunity, how to arbitrage, and what is the amount of profit can be made from the arbitraging? (Hint: please refer to the Example 1 following Theorem 1.)