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Today's price of 3M (MMM) is $125. A dealer quotes you a premium of $10 for a European put option on MMM with a strike

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Today's price of 3M (MMM) is $125. A dealer quotes you a premium of $10 for a European put option on MMM with a strike of $140 and a maturity of one year. The C.c. risk-free interest rate is zero. True or false: in this scenario, there is an arbitrage opportunity True False

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