Suppose you observe the following yields on T-bills and T-bill futures contracts on January 5, 1991:
![1116_Tab 5.jpg](https://secure.tutorsglobe.com/CMSImages/1116_Tab%205.jpg)
a) What arbitrage position should you undertake in order to make a certain profit with no risk and no net investment?
b) How much profit do you expect to make from your arbitrage position?