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The following prices are observed. Formulate an arbitrage strategy to profit from the situation. Wheat is $4 per bushel spot and $ 4.40 per bushel

The following prices are observed. Formulate an arbitrage strategy to profit from the situation.

Wheat is $4 per bushel spot and $ 4.40 per bushel for 180-day futures;U.S. interest rate is 3% compounded daily;Storage cost is 0.10 per bushel for 180-day period, and you already have an inventory of one million bushels in storage.

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