You are working on the options trading desk of FINM Investment Bank. Three-month European call and puts on stock BUSN with strike $60 are selling for $5 and $3, respectively. BUSN is currently trading at $60 and does not pay dividends. The interest rate is 3% p.a.c.c.

Are you able to make an immediate and riskless profit without any out-of-pocket expenses? If so, show all steps and calculations for the entire duration of your strategy. (8 marks)