Question: 2 . A put option with strike price $ 6 0 trading on the Acme options exchange sells for $ 2 . To your amazement,

2. A put option with strike price $60 trading on the Acme options exchange sells for $2. To your amazement, a put on the firm with the same expiration selling on the Apex options exchange but with strike price $62 also sells for $2. If you plan to hold the options position until expiration, devise a zero-net-investment arbitrage strategy to exploit the pricing anomaly. Draw the profit diagram at expiration for your position.

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