Illustrate what is the arbitrage profit

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Q. According to author Sherman Alexie in his book "Illustrate what you pawn, I will redeem". Illustrate what are the images the author conjures for the reader?

Q. The price of gold is currently $745 per ounce. Forward contracts are available to buy or sell gold at $929 for delivery in one year. An arbitrageur can borrow money at 10% per annum. Illustrate what is the arbitrage profit?

Reference no: EM13103626

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