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The current stock price is $50, and the continuously compounded interest rate is 12% per annum. The stock is going to provide a dividend of

The current stock price is $50, and the continuously compounded interest rate is 12% per annum. The stock is going to provide a dividend of $2.50 after 9 months. If the 1-year forward price of this stock is $56, there are arbitrage opportunities. The arbitrage profit that can be made today by trading in one forward contract is:

Select one:

a.$2.1153

b.$1.6523

c.$2.0976

d.$1.9823

e.$1.9523

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