Consider a 1-year forward contract on a stock when the stock price is GH 650 and the risk free rate is 8% per annurn with continuous compounding. Suppose that the forward price is GH e53 and short selling requires a 30% security deposit attracting interest at d=4% per annum with continuous compounding. i. Does it exists an arbitrage opportunity? ii. What is the highest rate d for which there is no arbitrage opportunity