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b.A forward contract is calling for a delivery of one XYZ stock 6 months from now. The current stock price of XYZ is 50, the

b.A forward contract is calling for a delivery of one XYZ stock 6 months from now. The current stock price of XYZ is 50, the forward price is 55, and the risk-free rate is 5% per annum. Design an arbitrage transaction using one contract. Make sure you list all the steps and the associated cash flows. (10 marks)

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