17 Suppose unleaded gasoline is currently trading at $2.20 per gallon. You face an interest rate of 3.4 percent and a carrying cost of $.05 per gallon per month. The current market price of a four-month futures contract on gasoline is $152 per gallon. You are evaluating a three-month carry trade opportunity a. Determine the present value of the storage costs (PVSC). (Round your answer to 4 decimal places.) 5 PV of storage costs b. Identity what the futures price should be under spot-futures parity. (Do not round Intermediate calculations. Round your answer to 3 decimal places.) Future price c. Calculate the potential profit per gallon (Round your answer to 2 decimal places.) Potential profit per qution Tc raw I! 17 Suppose unleaded gasoline is currently trading at $2.20 per gallon. You face an interest rate of 3.4 percent and a carrying cost of $.05 per gallon per month. The current market price of a four-month futures contract on gasoline is $152 per gallon. You are evaluating a three-month carry trade opportunity a. Determine the present value of the storage costs (PVSC). (Round your answer to 4 decimal places.) 5 PV of storage costs b. Identity what the futures price should be under spot-futures parity. (Do not round Intermediate calculations. Round your answer to 3 decimal places.) Future price c. Calculate the potential profit per gallon (Round your answer to 2 decimal places.) Potential profit per qution Tc raw I!