Gold is trading at $410.00.  Interest rates are at 5.25%. European
puts over gold struck at $400 with an expiration date in 55 days are
bid at $2.30 and offered at $2.34.  As a trader and price maker in the
gold european calls with a strike price of $400.
1.  Determine the market prices you would quote to make a market in
the call (ie, derive a bid price and an offer price) such that if
someone trade with you, you can make an abitrage profit of $0.02.  pls
show all calculation.
2.  Assume someone hits your bid in the call? what are the other
trades you would enact to complete the arbitrage?