The four-month European call option is selling for $5. The stock price is $64 and the strike price is $60. The risk-free interest rate is 12% pa cont. comp. for all maturities. Identify the arbitrage opportunity (hint: compare c and (S PV(K)). List the steps to be taken at time = 0 to take advantage of this arbitrage opportunity and compute the riskless profit when the option expires.