ABC assets are sold in the market at a price of Rp. 2,500,000 Assets will generate the the owner is Rp. 500,000 for a year and is paid four months in the same amount. The submission date is four months from now. The interest rate is 12% per annum. For example the future price is determined at Rp. 2.600.000 What is the investor's opinion/loss if the investor using alternatives, namely:

1. Sell the futures contract at a price of Rp. 2,600,000

2. Purchase asset XYZ at a price of Rp. 2500,000 3. Borrow Rp. 2,500,000 for four months at an interest rate of 12% per annum