Question: Two European calls on a stock have the same strike but different maturities, one with 6 months and the other with 9 months. If the

Two European calls on a stock have the same strike but different maturities, one with 6 months and the other with 9 months. If the 9-month call is lower there is no arbitrage opportunity.

Can we claim that the stock must pay dividends within 6 months?

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