Suppose the CAC$-40$ Index $($a widely followed index of French stock prices$)$ is currently at $4,104,$ the expected dividend yield on the index is $2\mathrm{.}6$ percent per year, and the risk$-$free rate in France is $4\mathrm{.}5$ percent annually. If CAC$-40$ futures contracts that expire in six months are currently trading at $4,124,$ what program trading strategy would you recommend?

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