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The stock of ABC is trading for $72. A 3-month call option with an exercise price of $70 is selling for $450, and the risk-free

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The stock of ABC is trading for $72. A 3-month call option with an exercise price of $70 is selling for $450, and the risk-free rate is 5%. If we can make a profit of $0.35 by selling the put option today, what is the current market price for the put option? 1) $0.80 2) $1.30 3) $1.50 4) $1.70 5) $2.00

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