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The current spot price of the rare element Pb is 500.00 per ounce. The 9-month forward price of one ounce of Pb is 511.92 Today

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The current spot price of the rare element Pb is 500.00 per ounce. The 9-month forward price of one ounce of Pb is 511.92 Today Albert enters into the short sale of 3000 9- month forward contracts on Pb. At the end of 9 months, he has realized a profit of $31,415.92. Determine the price of one ounce of Pb at the end of 9 months. O A. 501 O B. 509 O C. 516 O D.522 O E. 525

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