What is the profit today of arbitrage investment

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The futures price on a gold contract is $1,643. The current spot price on gold is $1,536 and the risk-free rate is 2.5%. The storage cost of gold is 3.5%.

What is the profit today of an arbitrage investment? Enter your profit as a positive number.

What is the correct futures price so that there isn’t an arbitrage opportunity?

Reference no: EM131891895

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