Multiple Choice
Platinum is currently trading at $979.45 per ounce with a carrying cost of $1.05 per ounce per month for storage and insurance. Given a current market price of $1,019.29 per ounce for a five-month futures contract, what is the potential carry trade profit per ounce if the interest rate is 4%?
A) $1.05
B) $5.20
C) $18.42
D) $20.33
E) $25.83
Correct Answer:
Verified
Correct Answer:
Verified
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