An investment banker in Sydney engages in stock index arbitrage for his clients. On a particular day, the S&P/ASX 200 index is 602.25 when the futures contract for delivery in 90 days is 614.75. If the annualized 9 day interest rate is 8.00 percent and the (annualized) dividend yield is 3 percent. He is exploring the possibility of a stock index arbitrage trading S&P/ASX 200. If it is possible, describe the transaction that he should undertake and calculate the profit that would be made per share of the S&P 200 index.