Suppose silver is selling for $20 (spot price) an ounce and it costs $2 an ounce to store silver for 1 year (payable at the end of the year). If you can borrow or lend at 8% per year, what should the one-year futures price of silver be if there are no riskless profits to be made? What would you do, i.e. what transactions would you make, to make riskless profits if the futures price was actually $26? How would spot and futures prices change if everyone did this? Show how you got your answer