Problem 3. Put-Call Parity Consider the following information regarding the publicly traded stock of Acme Inc. All information is as of today, t-0. Price of Put option on Acme $4 Price of Call option on Acme-$14 Strike price of both options-$84 Expiration of both options is in one year. Stock price-$90 Risk-free rate is 5% 1. Does put-call parity hold? Show the steps and explain why it holds or it does not hold 2. Assume instead that the stock price is $95. Does put-call parity hold? If it does not, set up a portfolio of securities that yields an instant arbitrage profit. Document the amount of the arbitrage profit today