Consider a futures contract on a stock index. Suppose that the current index level is 2,156 , the sixmonth index futures level is 2,195 , the dividend yield on the index is 2.9%. The implied repo rate is: 6.889%0.685%3.585%6.485% Question 35 The bid-ask spread creates interval of forward prices at which arbitrage is: easily accomplished automatic not possible. possible