Problem 23-18 a. If the spot price of gold is $993 per troy ounce, the risk-free interest rate is 5%, and storage and insurance costs are zero, what should be the forward price of gold for delivery in one year? (Round your answer to 2 decimal places.) Forward price $ 1,042.65 b. Calculate risk-free arbitrage profits if the forward price is $1,093. (Round your final answer to nearest whole dollar amount.) Profit $ 51