Suppose that an American put option with a strike price of $…

Suppose that an American put option with a strike price of $103.0 and maturity of 7.0 months costs $14.0. The underlying stock price equals 88. The continuously compounded risk-free rate is 9.25 percent per year. What is the potential arbitrage profit from buying a put option on one share of stock?

Suppose that an American put option with a strike price of $…

Suppose that an American put option with a strike price of $155.5 and maturity of 12.0 months costs $11. 0. The underlying stock price equals 143. The continuously compounded risk-free rate is 6.5 percent per year. What is the potential arbitrage profit from buying a put option on one share of stock?