3 Review Gold is currently trading at $1.500 per troy oz. john borrows $15,000 to purchase 10 troy oz of gold. The futures contract, expiring in 3 months, is trading at $1,610 per troy oz. Here are the expenses he incurs Expenses Storage fees: 0.5% per month Cost of insurance: 0.75% per month Interest expense: 0.5% per month Cost of transportation $100 Assuming John pays off the loan within 3 months, what should he do? Buy gold on the spot market and sell gold on the futures contract for a gain of 531250 Buy gold on the spot market and sell gold on the futures contract for a gain of $175 Activate Win Buy gold on the spot market and sell gold on the futures contract for a gain of $212.50 John should not deploy any strategy as it is not a profitable trade