Q13. (1 Point) It is now January. The current interest rate is 5%. The June futures price for gold is $336.30, whereas the December futures price is $360.00. Is there an arbitrage opportunity here? If so, how would you exploit it? a. No arbitrage opportunity b. Short the December contract and take a long position in the June contract c. Long the December contract and take a short position in the June contract d. Long the December contract and invest in the riskless rate e. Short the June contract and invest in the riskless rate Q14. (1 Point) A call option on a stock is said to be out of the money if a. the exercise price is higher than the stock price b. the exercise price is less than the stock price c. the exercise price is equal to the stock price d. the price of the put is higher than the price of the call