You are an arbitrageur in the market for wheat futures. Suppose 9 months prior to delivery of the futures contracts, the futures price is $1400 and the spot (i.e., cash) price of wheat is $1300, The riskless interest rate is 5% per year. Storage costs of wheat are 2% per year. Leasing rates for wheat are 0% per year. (Round to the nearest dollar.) a. What is the no-arbitrage price of the futures contract? In parts b and c, describe in detail the cash-futures arbitrage you would like to undertake. b. Describe what you want to do now (t=0). What is the total cash flow? (Describe the trading activity here, and put the total cash flow on the summary sheet.) c. Describe what you want to do in 9 months (t=T). What is the total ca- flow? (Describe the trading activity here, and put the total cash flow on the summary sheet.) You are an arbitrageur in the market for wheat futures. Suppose 9 months prior to delivery of the futures contracts, the futures price is $1400 and the spot (i.e., cash) price of wheat is $1300, The riskless interest rate is 5% per year. Storage costs of wheat are 2% per year. Leasing rates for wheat are 0% per year. (Round to the nearest dollar.) a. What is the no-arbitrage price of the futures contract? In parts b and c, describe in detail the cash-futures arbitrage you would like to undertake. b. Describe what you want to do now (t=0). What is the total cash flow? (Describe the trading activity here, and put the total cash flow on the summary sheet.) c. Describe what you want to do in 9 months (t=T). What is the total ca- flow? (Describe the trading activity here, and put the total cash flow on the summary sheet.)