22. Futures Arbitrage (LO3, CFA4) A non-dividend-paying stock is currently priced at $48.15 per share. A futures
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22. Futures Arbitrage (LO3, CFA4) A non-dividend-paying stock is currently priced at $48.15 per share. A futures contract maturing in five months has a price of $48.56 and the risk-free rate is 4 percent. Describe how you could make an arbitrage profit from this situation. How much could you make on a per-share basis?
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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