Question
It is now January. The current interest rate is 2%. The June futures price for gold is $1500, whereas the December futures price is $1540.
It is now January. The current interest rate is 2%. The June futures price for gold is $1500, whereas the December futures price is $1540. Is there an arbitrage opportunity here? If so, how would you exploit it?
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
