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You are trading potatoes and notice the following market prices: rces $28,00 dule $28.30 $25.60 Spot price of potatoes in New York per bushel Futures price of potatoes in New York per bushel (expires in 30 days) Spot price of potatoes in Idaho per bushel Futures price of potatoes in Idaho per bushel (expires in 30 days) Cost to store potatoes per bushel per day Total cost to ship potatoes between New York and Idaho per bushel (in either direction, shipping takes 10 days) $25.90 $0.10 $0.50 What is the arbitrage trade and profits in this case? Note: If you are going to sell the potatoes in the future, you will need to store them until this sale is made either before or after shipping them. Buy potatoes in New York and sell potatoes in Idaho. Make $0.10 per bushel, Buy potatoes in New York and sell potatoes in Idaho. Make $0.20 per bushel. Buy potatoes in New York and sell potatoes in Idaho. Make $0.40 per bushel. Buy potatoes in Idaho and sell potatoes in New York. Make $0.10 per bushel. Buy potatoes in Idaho and sell potatoes in New York. Make $0.20 per bushel. O Buy potatoes in Idaho and sell potatoes in New York. Make $0.40 per bushel. Next Previous You are trading potatoes and notice the following market prices: rces $28,00 dule $28.30 $25.60 Spot price of potatoes in New York per bushel Futures price of potatoes in New York per bushel (expires in 30 days) Spot price of potatoes in Idaho per bushel Futures price of potatoes in Idaho per bushel (expires in 30 days) Cost to store potatoes per bushel per day Total cost to ship potatoes between New York and Idaho per bushel (in either direction, shipping takes 10 days) $25.90 $0.10 $0.50 What is the arbitrage trade and profits in this case? Note: If you are going to sell the potatoes in the future, you will need to store them until this sale is made either before or after shipping them. Buy potatoes in New York and sell potatoes in Idaho. Make $0.10 per bushel, Buy potatoes in New York and sell potatoes in Idaho. Make $0.20 per bushel. Buy potatoes in New York and sell potatoes in Idaho. Make $0.40 per bushel. Buy potatoes in Idaho and sell potatoes in New York. Make $0.10 per bushel. Buy potatoes in Idaho and sell potatoes in New York. Make $0.20 per bushel. O Buy potatoes in Idaho and sell potatoes in New York. Make $0.40 per bushel. Next Previous