Please do Problem 2, where it says redo problem 1.

**Please try and solve using excel**

1) Consider a stock that is expected to pay no dividend in the next two years. The current stock price is $30, the current 2-year futures price is $31.20 and the risk-free rate is 1.5%. Show that there is an arbitrage opportunity What certain profit can you make per share of stock? Show the arbitrage strategy you would use (show all transactions and cash flows now and 2 years from now). 2) Redo problem 1), but with a futures price of $30.00. Everything else remains the same