Stock XYZ pays dividends of $2 every three months, namely at T₁ = 2/12; T₂ = 5/12; T₃ = 8/12; : : :. Consider a forward contract on XYZ with maturity T = 9/12, i.e 9 months. If S₀ = 200, F = 200 and r = 0.04, construct an arbitrage strategy to exploit the mispriced forward.