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A forward contract for the dethery of wheat in 10 months trades at $158 tonne. The spot price for wheat is 5150 per tonne, the

A forward contract for the dethery of wheat in 10 months trades at $158 tonne. The spot price for wheat is 5150 per tonne, the riskess rate is 6\%. and storage costs are 1\%. After calculating the fair price for the forward contract, you have identified there is an arbitrage opportunity. How much is the arbitrage profit? (keep 2 decimal places)

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