The put - call parity rule can be expressed as C-P = [fO(T) X](1 +r).T. Consider the following data: fo(T) = 12, X=10, r=0.1, T= 0.25, C= 2.50, and P=1.25. A few calculations will show that the prices do not conform to this rule. As such, you need to suggest an arbitrage strategy and show how it can be used to capture a risk-free profit. Assume that there are no transaction costs. Be sure your answer shows the payoffs at expiration and proves that these payoffs are riskless