The spot price for gold is 1,932.60 and the annual risk-free rate is 5.40% and the annual dividend yield on the S%P 500 is 3.60%. The three-month gold futures price is 1,953.98, the six-month gold futures price is 1,980.26, the seven-month gold futures price is 1,992.81, and the ten-month gold futures price is 2,013.33. 4 pts

a. Which futures price(s), if any, satisfy spot-futures parity?

b. Which futures price(s), if any, offer a cash and carry arbitrage profit opportunity?