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Indicate whether an arbitrageur can benefit in the following scenario. If yes, calculate the maximum possible profit: Rate of interest 6% per annum Spot price

Indicate whether an arbitrageur can benefit in the following scenario. If yes, calculate the maximum possible profit: Rate of interest 6% per annum Spot price of the underlying = Rs 780 Futures market price = Rs 795. 22 trading days remaining to expiry Consider 250 trading days in a year.

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