Problem 4 (Required, 30 marks) (a) The following table shows the market information of two European option on a non-dividend paying stock. It is given that - The current price of the stock is $52; - The annual riskfree interest rate is r=4%. Identify an arbitrage opportunity. Provide full justification to your answer. (b) The following table shows the market price of various European options on a non-dividend paying asset: The annual riskfree interest rate is 4% convertible continuously. Question Identify an arbitrage opportunity. Provide full justification to your answer. (-)Hint: Find a relationship between the prices of these 4 options using suitable options property twice.)