5.29. A company that is uncertain about the exact date when it will pay or receive a foreign currency may try to negotiate with its bank a forward contract that species a period during which delivery can be made. The company wants to reserve the right to choose the exact delivery date to t in with its own cash ows. Put yourself in the position of the bank. How would you price the product that the company wants? 5.30. A trader owns gold as part of a long-term investment portfolio. The trader can buy gold for $1,250 per ounce and sell it for $1,249 per ounce. The trader can borrow funds at 6% per year and invest funds at 5.5% per year (both interest rates are expressed with annual compounding). For what range of 1-year forward prices of gold does the trader have no arbitrage opportunities? Assume there is no bidoer spread for forward prices.