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The current spot price of silver is $24.38 per ounce.Storage costs for silver is $1.20/ounce per year.The continuously compounded interest rate is 2% and a

The current spot price of silver is $24.38 per ounce.Storage costs for silver is $1.20/ounce per year.The continuously compounded interest rate is 2% and a six month futures contract is trading at $25/ounce for delivery in six months.Show if an arbitrage opportunity is available and how it should be exploited.

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