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4(a) An investor wants to buy stocks of ICICI after 6 months. The current price of ICICI share is Rs 860.00 today. The investor can

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4(a) An investor wants to buy stocks of ICICI after 6 months. The current price of ICICI share is Rs 860.00 today. The investor can borrow money at nominal rate of 8% per annum The six month futures quoting rate is Rs. 940.00. Find out arbitrage opportunity if it exits. How will you exploit the arbitrage opportunity

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