Assume that the spot price of gold is $1,500 per troy ounce, the risk-free interest rate is 2%, and storage and insurance costs are zero. 3 c) What should be the forward price of gold for delivery in 1 year? [7 marks) d) If the futures price is $1550, develop a strategy that can bring risk-free arbitrage profits. [7 marks] e) Calculate the profit that you can make by following that arbitrage strategy. [5.33 marks)