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The current spot price for a stock index is 1000. The continuously compounded interest rate is 5% per annum and the index pays no dividends.

The current spot price for a stock index is 1000. The continuously compounded interest rate is 5% per annum and the index pays no dividends. A forward contract is available that is mispriced at a forward price of 1020. Correctly priced puts and calls with the stock index as the underlying asset are available. What arbitrage profit can be made in 3 months on one contract?

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