Assume that the spot price of copper is $$8,972\mathrm{.}25$ per tonne $($as of $10-$Sep$-$

$2024).$ Suppose that the market quotes a forward contract on copper with

delivery in $1$ year at $$9,450.$ The risk$-$free interest rate is r $=5\mathrm{.}0\%$ s there an arbitrage opportunity? If yes, describe the steps required

to realize the arbitrage. Neglect the storage cost.