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The spot SP500 index is 300. The futures contract on this index which expires in one year is 310. The risk-free rate over this period

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The spot SP500 index is 300. The futures contract on this index which expires in one year is 310. The risk-free rate over this period is 5%. The dividend yield over this period is 3%. There is an arbitrage. What is the arbitrage profit? (Each SP500 point move is $500.) $1,500 $1,000 $2,000 None of these answers are correct $2,500

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