Business, 27.04.2021 15:00 seider7997

Gold is trading at $1500, but one year Gold contracts are trading at $1600. The CME defines the Gold contract as 100 ounces/c, $/c, $12,000, $9,000. Your commodities broker quotes you $17/ ounce storage and insurance, $400/ounce borrowing fee on gold, and 7.5% on cash balances - all per annum. JQ Investor decides to arbitrage this price difference using 600 ounces of Gold. If JQ takes this arbitrage right to delivery he will make a profit (loss) of $. (dollars, rounded to two places after the decimal)

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Gold is trading at $1500, but one year Gold contracts are trading at $1600. The CME defines the Gold...

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