Return to the arbitrage strategy just laid out. What would be the three steps of the strategy

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Return to the arbitrage strategy just laid out. What would be the three steps of the strategy if F0 were too low, say, $617? Work out the cash flows of the strategy now and at time T in a table like the one above.

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Essentials Of Investments

ISBN: 9780073368719

7th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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