The price of gold is currently $1,200 per ounce. Forward contracts are available to buy or sell gold at $1,400 per ounce for delivery in one year. An arbitrageur can borrow money at 10% per annum. Assume continuous compounding. -Clearly outline the trading strategy to exploit the profitable arbitrage opportunity, if any. What is the profit (per ounce)? - How does your answer change if storage costs of 2% per annum are incurred? What is the profit (per ounce)?