Suppose you observe European put and call prices on a stock with a current price of $56. Both options have a strike of $60 and 3 months to expiration. The call price is $1.95 and the put price is $5.60. The 3-month T-bill (value in three months $100) is valued at $99.50 today. Detect, construct, and describe an arbitrage portfolio.

The kamp family has twins, rob and rachel. both rob and rachel graduated from college 2 years ago, and each is now earning $50,000 per year. rachel works in the retail industry, where the mean salary for executives with less than 5 years' experience is $35,000 with a standard deviation of $8,000. rob is an engineer. the mean salary for engineers with less than 5 years' experience is $60,000 with a standard deviation of $5,000.