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Question 10 2.5 pts You want to arbitrage between the spot oil market and the West Texas Intermediate (WTI) crude contract for delivery in three

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Question 10 2.5 pts You want to arbitrage between the spot oil market and the West Texas Intermediate (WTI) crude contract for delivery in three months. Spot price is $80 and the 3 month crude contract delivery price is $86. Storage costs to rent a super tanker for offshore storage averages $3 per barrel for the 3 month period. What do you do? Buy the spot oil and buy the futures Sell the spot oil and buy the futures Buy the spot oil and sell the futures Sell the spot oil and sell the futures None of the above

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