Crude oil futures contracts are 1,000 barrels, are quoted in dollars per barrel, and the initial margin is $9,000 per contract. Soybean futures contracts are 5,000 bushels, are quoted in cents per bushel, and have an initial margin of $4,725. E-mini S&P 500 futures contracts are quoted in S&P 500 index value with a $50 multiplier and have an initial margin of $12,650 per contract. Gold futures contracts are 100 ounces and are quoted in dollars per ounce.

The spot price of gold is 1,784.70 and the three-month gold futures price is 1,796.23. It is known that these prices satisfy spot-futures parity. 3 pts a. What should be the two-month gold futures price? b. What should be the eight-month gold futures price?

(PLEASE SHOW ALL CALCULATION, NO EXCEL FUNCTIONS)