Suppose the current stock price is $110. The premium of a call option for this stock with an exercise price of $105 with 1 year to expiration is $17, while the premium for a put option for this stock with he same expiration and exercise price as the call option is $5. The risk-free rate is 5% per year. How can you exploit an arbitrage condition with the provided information?

Group of answer choices

Purchase the stock and the call option while writing the put option and borrowing $100 for one year

Purchase the put option and lend $100 while writing the call option and short selling the stock

Purchase the stock and the put option while writing the call option and borrowing $100 for one year

Purchase the call option and lend $100 while writing the put option and short selling the stock

No arbitrage opportunity is present