Question 8: The current price of a 4-month forward (futures) contract on an equity index is $103. The underly stocks on the index are now valued at $98 and pay dividends at a continuously compounded rate of 1%. The current continuously compounded risk-free rate is 7%. Calculate the potential arbitrage profit per forward (futures) contract. A) $1.5 B) $2.0 C) $2.5 D) $3.0 E) $3.5