Suppose that the risk free rate of interest is 10% per annum, and the dividend yield on a stock index is 4% per annum. The index is standing at 400 and the futures price for a contract deliverable in four months is 405. if there is an arbitrage opportunity in this case, show how you can benefit from it? da) Buy futures contracts b) Short the shares underlying the Index Net gain 3.08 Tur short tutus contacts b) long the shares underlying the index Net profit - 8.08 caong futures contracts b) long shares undering the index pote DOO