Question: Problem 2 - Challenge Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending is 3% per

Problem 2 - Challenge
Suppose that there are no storage costs for crude oil and the interest rate for borrowing or
lending is 3% per annum. How could you make money if the June and December futures
contracts for a particular year trade at $55 and $57, respectively.
Hint: think about assuming the near-turn futures price as its Fair Value.

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