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The bid and ask prices for a stock, a European call option on the stock, and a European put option on the stock are listed in the table below. The strike price for both options is $90, and they both expire in 1 year. The stock does not pay dividends. Bid Stock Ask 100.00 99.75 19.50 Call Option Put Option 19.75 5.10 5.00 An arbitrageur can borrow at a continuously compounded rate of 6%. The arbitrageur can lend at a continuously compounded rate of 5.9%. The arbitrageur constructs an arbitrage strategy that involves the sale or purchase of exactly one share of stock. Determine the present value of the arbitrage profits. The bid and ask prices for a stock, a European call option on the stock, and a European put option on the stock are listed in the table below. The strike price for both options is $90, and they both expire in 1 year. The stock does not pay dividends. Bid Stock Ask 100.00 99.75 19.50 Call Option Put Option 19.75 5.10 5.00 An arbitrageur can borrow at a continuously compounded rate of 6%. The arbitrageur can lend at a continuously compounded rate of 5.9%. The arbitrageur constructs an arbitrage strategy that involves the sale or purchase of exactly one share of stock. Determine the present value of the arbitrage profits