Suppose the risk-free is zero and the market prices for Blackrock stock options that expire in one year are as follows: (a)Specify the components and present cost of a long synthetic one-year forward agreement on Br stock using only the options with strike price $350 in the table. The position should have a payoff at expiration that is identical to a one-year for forward agreement with a forward price of $350. (b) Using any of the options in the table, does an arbitrage opportunity exist? If so, specify exact components of the portolio you need to capture the arbitrage and the exact arbitrage profit

T. {1D points] Suppose the risk-free rate is acre and the market prices for Blackrock stock options that expire in one year are as follows: -m {a} (5 points} Specify the components and present cost of a long synthetic one-year forward agreement on Blackmail: stool: using only the options with strike price $350 in the table. The position should have a payo' at expiration that is identical to a one-year forward agreement with a forward price of $350. {h} (-5 points] Using any of the options in the table, does an arbitrage opportunity:r exist? If so, specify the WI: components of the portfolio you need to capture the arbitrage. and the exact arbitrage prot