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The spot price of corn is $2/bu. and futures price of corn trading at $2.1/bu. End of March, the futures price is pushed to $2.3/bu.

The spot price of corn is $2/bu. and futures price of corn trading at $2.1/bu. End of March, the futures price is pushed to $2.3/bu. and spot price of corn still $2/bu. what is the profit that arbitrageur can lock in? and what the arbitrageur need to do to achieve the profit?

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