IMG bought the academy in 1987, and it now covers more than 500 acres. Football began in 2013 as part of a $197 million campus expansion. Games are played in a 5,000-seat stadium outfitted with suites and a jumbo video screen. Digital screens depict each playerâs name and face on his locker.
Suppose the spot price of wheat is 550 cents per bushel, the six-month forward price is 600, the riskless rate of interest is 5% p.a., and the cost of carry is 6% p.a. To execute an arbitrage, you borrow money, buy a bushel of wheat, pay to store it, and sell it forward.uppose the spot price of wheat is 550 cents per bushel, the six-month forward price is 600, the riskless rate of interest is 5% p.a., and the cost of carry is 6% p.a. To execute an arbitrage, you borrow money, buy a bushel of wheat, pay to store it, and sell it forward.
A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date.