Consider a twelve-month forward contract on 1,000,000 shares of Too Big To Fail Plc. These shares are currently traded for 80 per share. Within the next twelve months, Too Big To Fail Plc will pay a single dividend of 3 per share in 6 months. The six-month and twelve-month spot interest rates are 2% and 3%, respectively. (a) What is the correct forward price for this forward contract? (b) You are given the opportunity to take a long or a short position in this forward contract at a forward price of 79,000,000. Describe in detail an arbitrage opportunity available to you