An investor owns an ETF (Exchange Traded Fund) tracking the ASX 200 index as part of his portfolio,and this ETF can generate a continuously compounded dividend yield of 2% per year. Today,the investor can buy the ETF for $50 per unit and sell it for $49 per unit. Meantime, the investor can borrow funds at 7% per year and invest funds at 5.5% per year (both rates are continuously compounded). For what range of half-year forward prices does the investor haveno arbitrage opportunities? Just assume there is no bidoffer spread on the forward market.