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Suppose a certain commodity is currently priced at $900 per pound in the spot market. Suppose the 1-year futures price is $950 per pound and

Suppose a certain commodity is currently priced at $900 per pound in the spot market. Suppose the 1-year futures price is $950 per pound and you can borrow or lend funds at 10% per year. Ignore transaction and storage costs. State the key steps involved in implementing an investment strategy to realize the arbitrage profit.

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