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A non dividend-paying stock has a spot price of $43.40. The nine month risk-free rate is 5.70 percent per year, continuously compounded. The actual delivery

A non dividend-paying stock has a spot price of $43.40. The nine month risk-free rate is 5.70 percent per year, continuously compounded. The actual delivery price of the nine-month future contract is $35.18. How much arbitrage profit can we immediately generate from this mispricing?

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