The current price of a stock is $60. The one-year European call option on the stock at a strike of $57 is trading at $6.59. If the one-year rate of interest is 10%, is the call price free from arbitrage, assuming that the stock pays no dividends? Since the call price is greater than the stock price minus the present value of the strike price, arbitrage opportunities exist. Since the call price is less than the present value of the stock price minus the strike price, there are no arbitrage opportunities. Since the call price is less than the stock price minus the present value of the strike price, arbitrage opportunities exist. Since the call price is less than the stock price minus the present value of the strike price, there are no arbitrage opportunities