Question: John Tan is a commodity trader. He observed the following prices in the commodity market. Appraise whether there is an arbitrage opportunity, how he can

John Tan is a commodity trader. He observed the following prices in the commodity market. Appraise whether there is an arbitrage opportunity, how hecan execute it, and the profit that can be made.Spot price of commodity = $50Futures price of commodity = $521-year risk-free interest rate = 4%1-year storage cost = 1%

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