You are given the following set of European call and put option prices: Strike 50 55 60 Call price 18 + 9.50 Put price 7.0 10.75 14.45 (i) Comment if there is any arbitrage opportunity in the puts market. If your answer is yes, show your strategy using puts only if your answer is no, justify your claim by showing that these options are correctly priced. [4] (ii) Specify the range of such that there is no arbitrage opportunity for the calls market. [4] You are given the following set of European call and put option prices: Strike 50 55 60 Call price 18 + 9.50 Put price 7.0 10.75 14.45 (i) Comment if there is any arbitrage opportunity in the puts market. If your answer is yes, show your strategy using puts only if your answer is no, justify your claim by showing that these options are correctly priced. [4] (ii) Specify the range of such that there is no arbitrage opportunity for the calls market. [4]