Question: I need the solution asap, thank you (2.5 points) Suppose that the spot price of a dividend-paying stock is $50. The 9-month forward price is

I need the solution asap, thank you
(2.5 points) Suppose that the spot price of a dividend-paying stock is $50. The 9-month forward price is US$47. The dividend is paid $1/stock in 1 month and $2/stock in 6 months. The 1-year US$ interest rate is 5% per annum. Is there an arbitrage opportunity? If yes, specify your strategies
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