You have just opened the morning newspaper to check the prices of call options on asset ABC. It is now December, with the near contract maturing in one month's time. Asset ABC is currently trading at $50. Strike $40 50 Jan. $11 6 Mar. $12 7 June $11.50 8.50 60 7 8 9 Glancing at the figures, you note that two of these quotes seem to violate some of the rules your learned regarding option pricing. a. What are these discrepancies? b. How could you take advantage of the discrepancies? What is the minimum profit you would realize by arbitraging based on these discrepancies? C. Suppose the price of the January $40 call was $9 rather than $11. The option would thus be selling for less than its intrinsic value. Why might it not be the case that an arbitrage profit is instantly available