please andwer both clearly

Platinum is trading at $1400, but one year Platinum contracts are trading at $1000. NYMEX defines the Platinum contract as 50 ounces/c, $/c, $12,000, $9,000. Your commodities broker quotes you $16/ ounce storage and insurance, $200/ounce borrowing fee on platinum, and 1.0% on cash balances - all per annum. JQ Investor decides to arbitrage this price difference using 100 ounces of Platinum JQ must (BUY / SELL) platinum and (BUY / SELL) a total of platinum contracts. If JQ takes this arbitrage right to delivery he will make a profit (loss) of $ The cost of carry is $ lounce The futures price at which arbitrage is no longer profitable is $ 8) A Bear Call Spread has; Unlimited loss potential, and limited gain potential Limited loss potential, and unlimited gain potential Unlimited loss potential, and unlimited gain potential Limited loss potential, and limited gain potential None of the above