Suppose that the spot price of gold is $830. The total cost of insurance and storage for gold is $18 per year, payable in advance. The rate of interest for borrowing or lending is 5%. If the forward price is $880, and you are interested in arbitrage, you would: (Hint: Check answer with an arbitrage table)
A. Sell the spot commodity, lend money, and buy a forward contract
B. Borrow money, buy the spot commodity, and buy a forward contract
C. Borrow money, buy the spot commodity, and sell a forward contract
D. Sell a forward contract, lend money, and buy the spot commodity