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Suppose that the spot price of non-dividend-paying stock is $40, the 3-month forward price is US$39. The 1-year risk free rate is 5% per annum.

Suppose that the spot price of non-dividend-paying stock is $40, the 3-month forward price is US$39. The 1-year risk free rate is 5% per annum. The arbitrage profit per share is __________.

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