The futures price on a gold contract is $1,281. The current spot price on gold is $1,200 and the risk-free rate is 3%. The storage cost of gold is 4.5%. The future spot price on gold will either be 1,231 in the low state or 1,331 in the high state. How many ounces of gold do you need to buy to create a risk-free portfolio? What is the price of the risk-free portfolio? Using the table below, match the investor's position in those assets needed to take to capture any arbitrage opportunities if they exist? Gold short A gold futures contract long Risk-free bond long What is the profit today of an arbitrage investment? Enter your profit as a positive number. What is the correct futures price so that there isn't an arbitrage opportunity? The futures price on a gold contract is $1,281. The current spot price on gold is $1,200 and the risk-free rate is 3%. The storage cost of gold is 4.5%. The future spot price on gold will either be 1,231 in the low state or 1,331 in the high state. How many ounces of gold do you need to buy to create a risk-free portfolio? What is the price of the risk-free portfolio? Using the table below, match the investor's position in those assets needed to take to capture any arbitrage opportunities if they exist? Gold short A gold futures contract long Risk-free bond long What is the profit today of an arbitrage investment? Enter your profit as a positive number. What is the correct futures price so that there isn't an arbitrage opportunity