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Alpha Inc. stock price today is $50. It is going to pay a dividend of $0.25 after two months and another dividend of $0.20 five

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Alpha Inc. stock price today is $50. It is going to pay a dividend of $0.25 after two months and another dividend of $0.20 five months. The continuously compounded interest rate is 8% per annum. Transaction costs are $0.10 per stock traded, and there is a one-time fee of $0.30 for forward contracts. If the six-month forward price is $51, the arbitrage profit that can be made by trading one forward contract and other securities is: O a. $0.16 Ob. $0.12 O c. $0.14 O d. $0.20 e. $0.18

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