You are given the following information: 

(i) The current bid price and ask price of stock Y are 40 and 41, respectively. 

(ii) Stock Y pays dividends continuously at a rate proportional to its price. The dividend yield is 3%. 

(iii) The continuously compounded lending and borrowing rates are 6% and 7%, respectively. 

(iv) The only transaction costs are: 

• A $1 transaction fee, paid at time 0, for buying or selling each unit of stock B. 

• A $2 transaction fee, paid at expiration, for settling a forward contract on stock B. 

(v) The 3-year forward price on stock B is 38. Describe actions you could take at time 0 to exploit an arbitrage opportunity (if any). Calculate the resulting profit (per stock unit).