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36 A 1-year gold futures contract is selling for $2,175. Spot gold prices are $2,088 and the 1-year risk-free rate is 45 The arbitrage profit

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A 1-year gold futures contract is selling for $2,175. Spot gold prices are $2,088 and the 1-year risk-free rate is 45 The arbitrage profit implied by these prices is O $263 O $3.48 $1.51 O $4.96

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