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Suppose our underlying is a stock XYZ. Today (t=0), XYZ is priced at $1,056. The...

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Suppose our underlying is a stock XYZ. Today (t=0), XYZ is priced at $1,056. The storage and insurance cost is $19, paid in advance. The forward contract uses XYZ as the underlying, which will expire in one year from today. The interest rate is 0.048. The forward price at today (t=0) is $1,301. What is the arbitrage profit that you can make today based on cost-of-carry model, if you are only allowed to either long or short one forward contract (i.e. do not assume the arbitrage profit is unlimited in this particular case)

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