Gold is currently trading at $1,645.50 per ounce with a carrying cost of $1.25 per ounce per month for storage and insurance. Glven a current market price of $1,693.97 per ounce for a four-month...

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Extracted text: Gold is currently trading at $1,645.50 per ounce with a carrying cost of $1.25 per ounce per month for storage and insurance. Glven a current market price of $1,693.97 per ounce for a four-month futures contract, what is the potential carry trade profit per ounce if the interest rate is 3%? Multiple Choice $125 $4.97 $25.39 $2716 $30 23