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Johnson & Johnson (JNJ) is currently trading for $151.30 per share. You see that one...

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Finance

Johnson & Johnson (JNJ) is currently trading for $151.30 per share. You see that one month calls and puts with strike prices of $140 have premiums of $16 and $5, respectively. The annual risk free rate is 1%. What is your per share arbitrage profit? Note: Answer in dollars, round to the nearest cent.

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