Gold is trading at $1050, but one year Gold contracts are trading at $950. The CME defines the Gold contract as 100 ounces/c, $/c, $12,000, $9,000. Your commodities broker quotes you $171 ounce storage and insurance, $300/ounce borrowing fee on gold, and 4.5% on cash balances - all per annum. JQ Investor decides to arbitrage this price difference using 500 ounces of Gold gold JQ must (BUY / SELL) calculated1232539_answer and (BUY/SELL) calculated1232539_answer a total of calculated1232539_answer gold contracts. If JQ takes this arbitrage right to delivery he will make a profit (loss) of $ calculated1232539_answer The cost of carry is $ calculated1232539_answer lounce The futures price at which arbitrage is no longer profitable is $ calculated1232539_answer Gold is trading at $1050, but one year Gold contracts are trading at $950. The CME defines the Gold contract as 100 ounces/c, $/c, $12,000, $9,000. Your commodities broker quotes you $171 ounce storage and insurance, $300/ounce borrowing fee on gold, and 4.5% on cash balances - all per annum. JQ Investor decides to arbitrage this price difference using 500 ounces of Gold gold JQ must (BUY / SELL) calculated1232539_answer and (BUY/SELL) calculated1232539_answer a total of calculated1232539_answer gold contracts. If JQ takes this arbitrage right to delivery he will make a profit (loss) of $ calculated1232539_answer The cost of carry is $ calculated1232539_answer lounce The futures price at which arbitrage is no longer profitable is $ calculated1232539_