Problem 4. Stock XYZ pays dividends of $2 every three months, namely at T1=1/12,T2= 4/12,. Consider a forward contract on XYZ with maturity T=11/12, i.e 11 months. If S0=100,F=99 and r=0.05, construct an arbitrage strategy to exploit the mispriced Forward. Explain all the transactions (including what happens at dividend dates) that will need to be undertaken