It is now January The current annual interest rate is 54%. The lunettes price for gold is 51550.40 while the December futures price is $1549. Assume the lune contract exples in exactly 6 months and the December contract expires in exactly 12 months a. Calculate the appropriate price for December futures using the party relations (Do not round Intermediate calculations. Round your answer to 2 decimal place) Answer is complete but not entirely correct. Price To December future 5 1634 12 K b. Is there an arbitrage opportunity here No Yes