套利

问题如下：

Fond du Lac would most likely be acting as a(n):

选项：

A.speculator.

B.arbitrageur.

C.informed investor.

解释：

B Correct. Arbitrageurs have the ability to inventory physical commodities and can capitalize on mispricing between the commodity (along with storage and financing cost) and the futures price by purchasing the commodity in the spot market and holding it in storage until a future date.

C Incorrect because informed investors primarily keep commodity futures markets efficient by capitalizing on mispricing attributable to a lack of information in the marketplace. As with speculators, informed investors do not take physical possession of the commodity for storage until a future date.

套利者有能力存储实物商品，并且可以通过在现货市场购买商品并将其存储至未来某个日期，利用商品（连同储存和融资成本）与期货价格之间的错价来获利。