1. You sold one WTI crude oil future contract at $71.08/barrel. What would be your profit (loss) at maturity if the oil spot price at that time is $63.12/barrel? Assume the contract size is 1,000 barrels and there are no transactions costs. a 2. Suppose the current price on a stock is $50, the stock has an annual dividend yield of 3%. The risk-free rate is 4%. If a futures contract on this stock is available with a 6-month maturity, what should its price be? If the future price in the market is $52, how can you structure an arbitrage position? How much would be your arbitrage profit