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The price of the gold is currently 1,500 per ounce. The forward price for delievery in one year is 1,700. An arbitrageur can borrow money

The price of the gold is currently 1,500 per ounce. The forward price for delievery in one year is 1,700. An arbitrageur can borrow money at 5% per annum. What should the arbitrageur do? Assume that the cost of storing gold is zero and that gold provide no income.

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