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Problem 10. (4 points) Gold prices are quoted on CME as Spot price $267.00/oz and 3-month futures as F10,3) $274.50/oz. If the interest rate is

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Problem 10. (4 points) Gold prices are quoted on CME as Spot price $267.00/oz and 3-month futures as F10,3) $274.50/oz. If the interest rate is 6.75% and no storage cost, is there an arbitrage opportunity ? If so, what is the arbitrage amount and how would you achieve this arbitrage

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