Not sure if Im doing this correctly, please help if you know how to solve the whole problem properly.. thank you!

2. (15 points) Cost-of Carry Relationship (Futures/Spot Parity). Currently the cash or spot price for gold is $1,170.00 per ounce and the annualized riskless cost-of-carry is .05. Assume that you have s 1,170,000 in savings earning 5%, that you have l,000 oz. of gold in your safety deposit box, and that you can engage in either a cash-and-carry or reverse cash-and-carry arbitrage strategy without incurring transaction costs. You notice the following prices are available for gold futures traded on the COMEX: One of the contracts provides an arbitrage opportunity. Show how you will take advantage of the mispriced futures Contract GOLD (CMX)- 100 troy oz. per troy oz Delivery date Price 5 months S1,194.00 $1,198.60 8 months The theoretical cost-of-camy 5-month futures price should be S i. D, og b/2. tuture Show work for credit 20.09 The theoretical cost-of-carry 8-month futures price should be i5.4 G02. Show work for credit gs. 602 Today will (check one and fill out the blanks) Buy 1,000 oz. of gold for $1,170,000 and simultaneously short 10 month futures contract Sell 1,000 oz. of gold for $1,170,000 which l will invest at the 5% riskless rate and -month futures contract, simultaneously go long 10 In 8 months I will (check one and fill out the blanks) U Deliver the gold to satisfy the short contract. will earn an annualized return of Show work here Show work for credit OR Take delivery of the 1,000 oz. of gold and pay a net amount of s I will make total dollar profits of Since my $1,170,000 will have grown to S Show work below for credit