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The current price of GAP Inc. (GPS) stock is $8.50. You have $1,000 to invest and are able to borrow $1,000 at a 6% rate

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The current price of GAP Inc. (GPS) stock is $8.50. You have $1,000 to invest and are able to borrow $1,000 at a 6% rate of interest with excellent credit. Based on the information above, what must the price of a 1-yr forward on GAP Inc.'s (GPS) stock be so that 'No Arbitrage' holds? $8.01 $8.50 $9.01 $9.51 None of the above

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