Q 37

Use the following information to answer QUESTIONS 34-39 You observe a 5% coupon bond with a par value of 100 trading at 98.50. A futures contract on this bond is maturing in 6 months and is currently trading at a price of 104. Your cost of borrowing and lending is 6%p.a. Question 37 2 pts How much arbitrage pront can you make? (Round to 4 decimal places and do not include the dollar sign. For example, if the answer is $10.12348 then enter 10.1235)