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Someone please answer this financial derivatives problem. im really struggling with it RY stock sells at $82 and the 3-month 95-strike put is selling at

Someone please answer this financial derivatives problem. im really struggling with it

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RY stock sells at $82 and the 3-month 95-strike put is selling at $10.50. The risk-free rate is 4% and the stock will pay no dividend in the coming 3 months. We assume that all options are European-style unless specified otherwise. (a) Is there an arbitrage opportunity and how would you benefit from it? Show all details. (3 marks) (b) What is the minimum risk-free profit? (1 mark)

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