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The 1-year risk free rate is 5.0% and there are no storage costs. If the spot price of gold is $390 and the 1-year forward

The 1-year risk free rate is 5.0% and there are no storage costs. If the spot price of gold is $390 and the 1-year forward price is $409.50, your arbitrage profits by selling gold futures is closest to?ause:

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