Question: If you can enter a forward contract (long or short position) to buy in 1 year 100000 stocks for $10900000 (assume no counter-party risk), is

If you can enter a forward contract (long or short position) to buy in 1 year 100000 stocks for $10900000 (assume no counter-party risk), is there an arbitrage opportunity?

Today:

Sell 100000 stocks short > receive $10000000 Lend $10000000 for 1 year at 10% (risk free) Enter a long position in the forward contract Cash flow today: $0

In 1 year:

Receive $11051709 from loaned money

Pay $10900000 and receive 100000 stocks (long position in forward contract)

Return 100000 stocks (close short position of 100000 stocks)

Cash flow: $151709 (risk free)

how can I Calculate 11051709?

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