Suppose the current spot price of uranium is S₀ = $32.18 per pound, the risk-free three-month rate of interest is 5%, and there are no costs of holding uranium. If the unique arbitrage-free three-month forward price of uranium is $32.58, but the actual forward price is $34.21, there is an arbitrage opportunity that can be entered into by buying one pound of uranium and holding it for 3 months, borrowing $32.18 for 3 months at the interest rate of 5%. and:

Group of answer choices

Entering into a short forward position to deliver one pound of uranium in 3 months at $34.21.

Buying a forward contract to purchase one pound of uranium in 3 months at $34.21.

Ignoring the forward contract.

Entering into a long forward position to purchase one pound of uranium in 3 months at $34.21.