You are an analyst at a large investment bank, Deutsche Bank. You are analyzing the arbitrage opportunity related to Spot and Futures parity. Suppose that a sixmonth futures price on lean hog is 65 cents per pound and the spot price of lean hog is 62 cents. The risk-free rate of interest is 10% per annum. a. Is there an arbitrage opportunity?(sample answer: Yes; or No) b. If there is an arbitrage opportunity, then will you borrow money or lend money? sample answer: borrow; or lend) c. What is the arbitrage profit per pound of lean hog if there is an arbitrage opportunity in todays dollar (PV of the profit) ignoring the transaction fee? (sample answer: 0.36 Cent )