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A 1-year gold futures contract is selling for $1,652. Spot gold prices are $1,618 and the 1-year risk-free rate is 2%. The arbitrage profit implied

A 1-year gold futures contract is selling for $1,652. Spot gold prices are $1,618 and the 1-year risk-free rate is 2%.
The arbitrage profit implied by these prices is _____________.

$.33

$.79

$1.64

$3.12

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