I refer to Questions 2 parts B and C and Question 3. In Q 2, B and C, Cash and Carry Arbitrage is calculated in the solutions NOT taking into account the borrowing costs. However, in Q3, Cash and Carry is calculated INCLUDING borrow purchasing costs. In the examples in the reading, the borrow purchasing costs are used. However, a real Cash and Carry, I believe, does not inlcude borrowing costs. Could someone PLEASE clarify this for me. Many thanks