Today, a Treasury bill (which carries no coupon) is selling for (91.5 %) (of par value). A

Question:

Today, a Treasury bill (which carries no coupon) is selling for $91.5 \%$ (of par value). A futures contract for the delivery of the Treasury bill tomorrow carries a futures price of $91.5 \%$ (of par value). You don't know the actual one-period risk free rate, but you know it is positive. Is there a free lunch?

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