As yesterday price, KLCI shown at 1569.31 reduced by 0.05% from the day before. He wants to arbitrage between February and March 2022 and assume both markets are dropped by 0.04% and the dividend yield is 4% and the risk-free rate is 5.5%. His firm portfolio is RM10million and his firm beta is half volatile from the market. (please use the price for FKLI as the above attachment and to use an approximate number of days are 30 days). Is he benefits from the arbitraging strategy? Elaborate..