Moving to another question will save this response Question 170 4 points Question 17 Suppose a trader observes the following prices on June 15(6/15 - t). The futures price of gold for September 15 (=T4) delivery is $450/oz. That is t T1 = $450 The futures price of gold for December 15 T2) delivery is $460/oz. That is F T2 = $460 The borrowing and lending rate is 4% per annum and the storage cost T1CT2 is $2.00, which is payable on 12/15, Assume F12 - tft1 (1+ T1'72) + T1CT2 is the equilibrium situation. What is the arbitrage protit? $2.50 DELL Remaining Time: 1 hour, 49 minutes, 52 seconds. Question Completion Status: The futures price or gora Tor December 157-12) every is $460/OZ. That is thT2 $460. The borrowing and lending rate is 4% per annum and the storage cost T1CT2 is $2.00, which is payable on 12/15. Assume FT2 - FT1 (1+ T1/T2) + T1CT2 is the equilibrium situation. What is the arbitrage profit? $2.50 $1.75 $2.00 $3.50 Moving to another question will save this response. DELL