7.11 Puts: An Arbitrage Possibility? Suppose that =3 Sn=48 7=0.25 广5% =50 D=0 Is there an arbitrage possibility? Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, Shanghai Normal University 7.11 Puts: An Arbitrage Possibility? • Suppose that p= 3 S0= 48 T= 0.25 r= 5% X= 50 D= 0 • Is there an arbitrage possibility?