23. The quoted 9-month forward price of 916 Gold is $280 per gram. The spot price of the 916 Gold is $222 per gram now. Considering the storage cost is 10% of its spot price per annum and the risk free interest rate is 8% p.a. continuously compounded, the 9-month fair-forward price of this 916 Gold should be A. $280 B. $254 C. $250 D. $276 24. Based on the information given in question 23, if the storage cost is given as $25 per gram per annum payable at the end of the 9-month contract, identify what would be the arbitrage profit? A. $69.27 B. $23.54 C. $19.28 D. $0.00