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Stock XYZ is trading at $450. An American call option on this stock with a strike price of $420 expires in 3 months and trades

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Stock XYZ is trading at $450. An American call option on this stock with a strike price of $420 expires in 3 months and trades at $25. Use the discount factor of 0.995 to find present or future value. Find the minimum arbitrage profit in three months if you take the following positions: a. 7.14 b. 6.71 c. 5.37 d. 5.98

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