Consider the following strategy on May 14 involving June 18 options:
Buy the 125 call at $13.50,
Buy the 130 put at $14.50,
Sell the 130 call at $11.35, and
Sell the 125 put at $ 11.50.
If the risk-free rate is 4.56% per year and the time remaining to expiration is 0.0959 years, should the investor execute the position? What is the net present value of the trade?