1.You are working with a commodity that needs to be delivered in four-month period. You know that the forward price is 10.50, and the spot price is 10.15. You assume that the continuously compounded interest rate will be 9% p.a. Using relevant formulas, calculate whether there is any opportunity for arbitrage in this current market for this commodity. Assume that the commodity can be stored with no cost. Provide detailed explanations for each step and interpretations of the results.