Question: 2 . A put option with strike price $ 6 0 trading on the Acme options exchange sells for $ 2 . To your amazement,
A put option with strike price $ trading on the Acme options exchange sells for $ To your amazement, a put on the firm with the same expiration selling on the Apex options exchange but with strike price $ also sells for $ If you plan to hold the options position until expiration, devise a zeronetinvestment arbitrage strategy to exploit the pricing anomaly. Draw the profit diagram at expiration for your position.
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