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The current futures for WTI Crude are show below. Each contract is for 1,000 barrels (bbl). Assume the spot price today, on 9/26/2016, is 45.25. Month Last price Change Open High Low Nov 2016 45.59 +1.11 44.62 46.20 44.43 46.14 +1.07 45.18 46.76 45.01 46.74 +1.05 45.83 47.35 45.62 Dec 2016 Jan 2017 Feb 2017 Oct 2017 47.29 +1.01 46.65 47.91 46.22 50.24 +1.15 49.71 50.55 49.71 You are an arbitrageur and estimate the value of the Nov 2016 contract should be $46. How would you structure a trade to take advantage of this mispricing? There are 52 days until the Nov 2016 contract expires. Pick the best answer. Sell the Nov 2016 contract, buy the Dec 2016 Sell the spot, buy the Nov 2016 contract Buy the spot, sell the Nov 2016 contract Buy the spot, store it and sell it in November