It is now January.. The current interest rate is 3.8% The June futures price for gold is dollar 1490.60. while the December futures price is dollar 1, 500. Assume the June contract expires in exactly 6 months and the December contract expires in exactly 12 months a. Calculate the appropriate price for December futures using the parity relationship? (Do not round intermediate calculations. Round your answer to 2 decimal place.) Price for December futures dollar Is there an arbitrage opportunity here? No Yes