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a) A 15-month futures contract on an equity index is currently trading at USD 3,759.52. The underlying index is currently valued at USD 3,625 and

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a) A 15-month futures contract on an equity index is currently trading at USD 3,759.52. The underlying index is currently valued at USD 3,625 and has a continuously-compounded dividend yield of 2% per year. The continuously compounded risk-free rate is 5% per year. Assuming no transactions costs, what is the potential arbitrage profit per contract and the appropriate strategy

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