please explain in excel with formulas

(Arbitrage) On May 9, 2021, Apple Inc. (AAPL) stock was traded at $568.50 (spot price). The mean target price by analysts was $707.09.On May 9th, 2021, a forward dealer was willing to sell AAPL stocks on a forward contract maturing in 3 months (8/9/2021) at $640.25 (3-mo forward price) and buy at 632.25. You can borrow or lend money with a 3-month maturity at 4% /year. Use discrete compounding and a) The market is not in equilibrium. Explain/Prove why the market is not in equilibrium b) Design an arbitrage profit taking strategy and show the amount of the profit your strategy will produce