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The spot price of gold is $1500/oz, the 1-year forward price is $1545. If interest rates are 2% a) what is the implied storage cost

The spot price of gold is $1500/oz, the 1-year forward price is $1545. If interest rates are 2%

a) what is the implied storage cost of gold?

b) if the 2-year forward price is also $1545, what is your arbitragy strategy?

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