The price of a European call that expires in 6 months and has a strike price of $30 is c=$2. The underlying stock price is $29, and a dividend of $0.50 is expected in 3 months. Interest rates (all maturities) are 10%. At the exchange, a European put option on the same stock with the same strike price and the same maturity quotes at p = 1.75. Are there arbitrage opportunities? If yes, show your strategy.