Suppose the CAC$-40$ Index $($a widely followed index of French

stock prices$)$ is currently at $4,101,$ the expected dividend yield on

the index is $2\mathrm{.}2$ percent per year, and the risk$-$free rate in France

is $3\mathrm{.}3$ percent annually. If CAC$-40$ futures contracts that expire in

six months are currently trading at $4,104,$ what program trading

strategy would you recommend?