Your boss has just informed you about the new product she intends to offer to the clients of the Golden Bank you work for. The new product, called Gold-linked guaranteed investment certificate (GL-GIC), will offer the following payoff to the investors. If the return on gold between now and the maturity of the GL- GIC is more than 10%, the rate of return will be equal to the return on gold less 10%. If the return on gold is less than 10%, the investors will receive the amount invested i.e., zero return). The time to maturity of the GL-GIC will be 5 years. The current interest rate on the 5-year GICs is 4%. Please use current MONTLY open and close gold prices over the last 5 years. The current gold price is $1700 per ounce. Calculate the potential profit for the bank from this new product (per ounce of gold at the current price). Your boss has just informed you about the new product she intends to offer to the clients of the Golden Bank you work for. The new product, called Gold-linked guaranteed investment certificate (GL-GIC), will offer the following payoff to the investors. If the return on gold between now and the maturity of the GL- GIC is more than 10%, the rate of return will be equal to the return on gold less 10%. If the return on gold is less than 10%, the investors will receive the amount invested i.e., zero return). The time to maturity of the GL-GIC will be 5 years. The current interest rate on the 5-year GICs is 4%. Please use current MONTLY open and close gold prices over the last 5 years. The current gold price is $1700 per ounce. Calculate the potential profit for the bank from this new product (per ounce of gold at the current price)