Suppose the price of call option is $18.35 and the and concurrently price of put option is $11.40 for the stock. In this scenario the strike price is $120 in case of call option and $130 in case of put option and risk-free rate is 4.5% with the basis on continuous compounding in 1 year. Develop the synthetic option in both call option and put option and identify coat. Suppose prevailing stock price is $120 then identify any arbitrage opportunities