Suppose the CAC-40 index (a widely-followed index of French stock prices) is currently at 1800, the expected

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Suppose the CAC-40 index (a widely-followed index of French stock prices) is currently at 1800, the expected dividend yield on the index is 3 percent per year, and the risk-free rate in France is 6 percent annually. If the futures that expire in six months are currently trading at 1850, what program trading strategy would you recommend?

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