Explain the arbitrage profit

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As a professional arbitrageur, you obserye that at the middle of April, the spot prioe for CPU is RM1,1?5 while May futures are trading RM1,265. Assuming your cost of storage is RM12 per month per ton and risk-free rate is 5.5%, show your arbitrage profit, if any for 250 tons of CPU.

Reference no: EM133071546

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