The bid price for spot gold is $279.50 /oz, the asked price for spot gold is $280.50 /oz and the yearly interest rate is 10%. The forward contract calls for the delivery of 100oz. of gold in six months. Also assume that the total transaction cost of buying or selling 100oz. of gold, and trading one forward contract, is $1/oz. There is no carry return. The range of possible forward prices per ounce of gold that precludes arbitrage is then: $292.48$295.53$278.50$295 None of these $293$295