Redox Reactions — Chemistry STD 11 Science — Question

$\text{Oxidation half equation:}\ \ \ \ \ \ \ \ \ \ 2\text{I}^-_{(\text{aq})}\xrightarrow{\ \ \ \ \ \ \ }\text{I}_{2(\text{s})}+2\text{e}^-;\ \ \text{E}^\circ=-0.54\text{V}\\\text{Reduction half equation:}\ [\text{Fe}^{3+}_{(\text{aq})}+\text{e}^-\xrightarrow{\ \ \ \ \ \ }\text{Fe}^{2+}_{(\text{aq})}]\times2;\ \ \text{E}^\circ=+0.77\text{V}\\\overline{\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ }\\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 2\text{Fe}^{3+}_{(\text{aq})}+2\text{I}^-_{(\text{aq})}\xrightarrow{\ \ \ \ \ \ \ \ }2\text{Fe}^{2+}_{(\text{aq})}+\text{I}_{2(\text{s})};\ \ \text{E}^\circ=+0.23\text{V}$

E° for the overall reaction is positive. Thus, the reaction between $\text{Fe}^{3+}_{(\text{aq})}$ and $\text{I}^-_{(\text{aq})}$ is feasible.