You are a portfolio manager who has just discovered the possibilities of stock-index futures. Assume that you have the resources to buy and hold the stocks in the S&P 500. Any day between February 24 and March 1, obtain the current level of the S&P 500 index and the price of the June 2016 S&P 500 futures contract trading on the CME. On that same day obtain the annualized rate on the T-bill expiring closest to June 2016. Assume the annualized dividend yield on S&P 500 stocks is 2.04% and that dividends are paid out continuously over the year. Is there a potential for arbitrage, and, if so, how would you go about setting up the arbitrage? (Please cite all your sources). You may obtain the level of the S&P 500 from Yahoo Finance and T-bill rates from the US Treasury website and other sources.