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The price of gold is currently $1,200 per ounce. Forward contracts are available to buy or sell gold at $1,473 per ounce for delivery in

The price of gold is currently $1,200 per ounce. Forward contracts are available to buy or sell gold at $1,473 per ounce for delivery in one year. An arbitrageur can borrow money at 6% per annum. Assume that the cost of storing gold is zero and that gold provides no income. Calculate the riskless profit per ounce that the arbitrageur can generate

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