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4. Suppose that you have received a 50,000 dirhams gift from your family and you want to invest it in a 1-year Gold future. Assume

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4. Suppose that you have received a 50,000 dirhams gift from your family and you want to invest it in a 1-year Gold future. Assume that you have generated the following data on the Gold futures contracts. The current price of Gold is $1,300 per ounce. It costs $4 per ounce per year to store the gold and payment being made at the end of every quarter. The current 1-year Gold future price is $1,340 per ounce. One Gold futures contract accounts for 100 ounces of Gold. The one-year risk free rate is 5%. Based on the above information answer the following questions. A. What is the forward price of the 1-year Gold future contract? B. What trading strategy will you follow to maximize your profit

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