The current level of an equity index is 1364.13 and its future contract with 25 days until maturity (t =25/250 - 0.10 years) trades at 1366.70. The annual dividend yield of the index is 2.1%. Round to 2 decimal places and enter without the percentage sign or the dollar sign (0.8, 10.466% would be entered as 10.47, 55.2963 would be entered as 5.30). a) Find the annual risk-free rate implied by the spot-futures parity. % b) Assume that you can borrow or lend at 3% annual, and an index fund is available to buy or sell (ignore fees). Devise a zero-net-investment trading strategy which will generate a guaranteed profit at the expiration date of the futures contract. The contract size is $1 times the index value. What is the profit per one unit of the futures contract? $