3. The spot price of a stock is so = 10$; the stock pays two dividends of 1$ each at t = 6 months and t2 = 18 months. The risk free annual rate is r = ln(1.05). at t = 1 year, while the stock is worth s = 9$, the forward price for delivery of the stock at T = 2 years is quoted on market as 8.40$. is this price consistent with the "No arbitrage principle ? If not, find an arbitrage strategy. 3. The spot price of a stock is so = 10$; the stock pays two dividends of 1$ each at t = 6 months and t2 = 18 months. The risk free annual rate is r = ln(1.05). at t = 1 year, while the stock is worth s = 9$, the forward price for delivery of the stock at T = 2 years is quoted on market as 8.40$. is this price consistent with the "No arbitrage principle ? If not, find an arbitrage strategy