Stock A is selling at $65 with a volatility of 30%. The beta of the stock is 2.15. The call option with exercise price of $60 has a premium of $7.27, and the put option with exercise price of $60 costs $1.10. The risk-free rate is 5%. Suppose there is another put option with strike price $62 sells for $1.10. Devise a zero-net-investment arbitrage strategy to exploit the mispricing between the two put options. Assume that you hold the put options position until expiration, draw the profit diagram at expiration for your position? (5 marks)