4.2 Forwards: arbitrage The price of a stock s S0 = 100.0 at time to = 0. The stock pays no dividends. The interest rate is r = 5.0%. The expiration time of the forward contract is T = 1.0 years. . Question: For each case below, formulate an arbitrage strategy to take advantage of the forward price. I. The forward price is F= 105.0. 2. The forward price is F = 106.0. . Question: For each case above, state how much profit your arbitrage strategy yields at the expiration time T Show all the steps in your arbitrage strategies. Do not just state the final profit