1. (Gold futures) The current price of gold is $412 per ounce The storage cost is $2...
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1. (Gold futures) The current price of gold is $412 per ounce The storage cost is $2 per ounce per year, payable quarterly in advance. Assuming a constant interest rate of 9% com- pounded quarterly, what is the theoretical forward price of gold for delivery in 9 months?
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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