Question 2 (10 Marks Total) Suppose you enter a three-month forward contract on IBM stock when the stock price is $98, and the quarterly compounding risk-free interest rate is 10% per annum. (A) (3 Marks) What's the fair price of the 3-month forward written on this stock? (B) (2 Marks) If the 3-month forward is currently quoted at $105: Is there an arbitrage opportunity? How would you make a risk-less profit? Please show the cash inflows and outflows both at present time and in 3 months. (C) (3 Marks) What's the forward price if now the IBM stock is expected to pay $4.1 dividend in 3 months? (D) (2 Marks) If the 3-month forward is now quoted at $96.35, can you make a profit by arbitrage