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The current price of a one-month European put option on a non-dividend-paying stock is $2.24. The current stock price is $42, the strike price is

The current price of a one-month European put option on a non-dividend-paying stock is $2.24. The current stock price is $42, the strike price is $55, and the risk-free interest rate is 5.9% p.a. with continuous compounding. What is the minimum profit an arbitrageur can make? a. 10.49 b. 7.61 c. 10.76 d. 12.73 e. 14.97

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