On February 17, 2012 the June maturity of the 3-month Euribor contract quote is 99.17 while the Euribor rates were those proposed in Table 1. Note that the spot settlement date is February 21, 2012 and that the Last trading day of the 3-month Euribor Future contract is June 18, 2012 (118 days from spot settlement date). Table 1: Euribor rates (February 17, 2012) Is there an arbitrage opportunity? If any, describe and quantify the positions to take advantage of it. On February 17, 2012 the June maturity of the 3-month Euribor contract quote is 99.17 while the Euribor rates were those proposed in Table 1. Note that the spot settlement date is February 21, 2012 and that the Last trading day of the 3-month Euribor Future contract is June 18, 2012 (118 days from spot settlement date). Table 1: Euribor rates (February 17, 2012) Is there an arbitrage opportunity? If any, describe and quantify the positions to take advantage of it