The price of a European call that expires in nine months and has a strike price of $100 is $8. The underlying stock price is $101 and a dividend of $2 is expected in 3 months and again in si months. The risk free rate is 0% for all maturities. a) What should be the price of a European put option which expires in nine months and has a strike price of $100? b) Explain carefully the arbitrage opportunity that exists if the European put trades in the market at a price of $8