The current spot price of gold is So $1650 per oz. The risk-free three-month interest rate is 3%. There are no costs in holding gold. (a) What is the forward price of gold? (b) If the market is pricing gold at F $1670 3-month from the current date, is gold overvalued or undervalued in forward markets? (c) Describe (or calculate) the arbitrage opportunity that can give you a profit of $7.58 per OZ. The current spot price of gold is So $1650 per oz. The risk-free three-month interest rate is 3%. There are no costs in holding gold. (a) What is the forward price of gold? (b) If the market is pricing gold at F $1670 3-month from the current date, is gold overvalued or undervalued in forward markets? (c) Describe (or calculate) the arbitrage opportunity that can give you a profit of $7.58 per OZ