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The price of gold is currently $800 per ounce. The forward price for delivery in one year is $950. An arbitrageur can borrow money at
The price of gold is currently $800 per ounce. The forward price for delivery in one year is $950. An arbitrageur can borrow money at 5% per annum. What should the arbitrageur do? Assume that the cost of storing gold is zero
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi
4th Edition
0130402664, 9780130402660
