Question 1. [No-Arbitrage Determination of Forward Pricel The informiation of the forward price and stock price is provided below: Step (1) By using the information above and applying the Cost-of-Carry Model, verify if there is an arbitrage opportunity. Step (2) In addition, clearly explain and illustrate the arbitrage ("Cash-and-Carry" or "Reverse Cash-and-Carry") strategy and compute the arbitrage profit. Hint: review Class #6 presentation (e.g., Section 4 and Examples, pp. 7-13) and "Class #6 Review Exercise"; the "Cash-and-Carry" strategy should demonstrate how a portfolio of forward, stock, and risk-free lending/borrowing can produce risk-free arbitrage profit