The current price of certain share on the market is 15,50EUR. We assume that in three months this share will pay a dividend in the amount of 0,69EUR per share. We also assume that there is fee (cost of keeping this share) for investor at the level of 3% yearly (continuous capitalisation). The term structure of interest rate is flat: 6% for any term. a) Please calculate the theoretical price price of 6 month future contract for this share. b) If the current market price of a 6 month future contract is equal to the current market price of share, please check if the arbitrage is possible. If yes indicate the position that investor should take in arbitrage strategy, if no, explain why