If the stock market index is at a level of 1,120 and the one-year forward on the index is 1,210, calculate the implied repo rate in continuously-compounded terms (assuming zero dividends on the index). If you can invest money at a continuously compounded rate of 8%, describe an arbitrage trading strategy that would allow you to profit.

Note:I would appreciate it if any of you guys could show the equation so I can understand the problem. Thank you.