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A stock is currently selling for $48.50 a share and has a dividend yield of 1.8 percent. The risk-free rate is 2.5 percent. What is

A stock is currently selling for $48.50 a share and has a dividend yield of 1.8 percent. The risk-free rate is 2.5 percent. What is the 2-month futures price on this stock?

If the observed futures price on this stock is $70, is there an arbitrage opportunity and what is the arbitrage strategy if there is an opportunity?

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