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The S&R Index is currently traded at $1100. The continuously compounded annual interest rate is 4%. If the price of a 6-month forward contract is

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The S&R Index is currently traded at $1100. The continuously compounded annual interest rate is 4%. If the price of a 6-month forward contract is $1110. You have established the arbitrage portfolio today. If in 6 months, the S&R index price is St, your arbitrage profit would be: $36.76 $18.03 $12.22 $9.95

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