Jillo,IncStock Is Selling for $54

question 2

Multiple Choice

Jillo,Inc.stock is selling for $54.70 per share.Calls and puts with a $55 strike and 40 days until expiration are selling for $1.65 and $1.23,respectively.What potential arbitrage profit exists?

• A) $0.12
• B) $0.24
• C) $0.36
• D) $0.48

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Definitions:

Volleyball

A team sport in which two teams of six players are separated by a net, with each team trying to score points by grounding a ball on the other team's court.

Immigrant Family

Refers to a family that has moved from one country to another for reasons such as seeking better opportunities, escaping conflicts, or family reunification.

Housekeeper

An individual responsible for managing household tasks such as cleaning, cooking, and maintaining the home environment.

Family Earnings

The combined total income generated by all working members of a family unit.