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Assume that a future and a forward contract written on silver have one day to maturity. Assume that the forward price is $24 /ounce and

Assume that a future and a forward contract written on silver have one day to maturity. Assume that the forward price is $24 /ounce and the future price is $25 /ounce. Suppose that the spot price for silver will be either $23.5 of $25.5. Show the arbitrage opportunity. (Future contracts have cash settlement

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