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An analyst for Bloom Ltd, gathered the following information with regards to futures contract: *Current spot-market price of R60 * Risk-free interest rate of 8.87%

An analyst for Bloom Ltd, gathered the following information with regards to futures contract: *Current spot-market price of R60 * Risk-free interest rate of 8.87% per annum *The six-month future contract is priced at R62.60

Question Given that the actual futures price of the contract is R59, describe the strategy an arbitrageur could follow

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