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The common stock of Omega Ent is selling for $50 a share. It is assumed the price could either increase or decrease by 10 percent

The common stock of Omega Ent is selling for $50 a share. It is assumed the price could either increase or decrease by 10 percent within one period. A Call option with a strike price of $50 is selling for $2.60. The risk-free interest rate for the relevant period is 5 percent. Is there a possibility of arbitrage? What is the arbitrage strategy and possible payoff

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