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A stock is currently priced at $53.87 per share and the futures on the stock that expires in six months have a price of $55.94.

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A stock is currently priced at $53.87 per share and the futures on the stock that expires in six months have a price of $55.94. The risk-free rate is 5% and the stock is not expected to pay a dividend. Is there an arbitrage opportunity? How would you exploit it? What is the arbitrage opportunity per- share of stock? Provide a complete explanation and/or diagram of the arbitrage opportunity. (10 POINTS)

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