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please show steps It is now January. The current interest rate is 3%. The storage cost of silver is 2%. The June futures price is

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It is now January. The current interest rate is 3%. The storage cost of silver is 2%. The June futures price is 1246.3, while the spot price of silver is $1200. Is there any arbitrage opportunity here? If so, how would you exploit it? How much is the profit? Show the steps

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