The spot price of silver is $9 per ounce. The storage costs are $0.24 per ounce per
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The spot price of silver is $9 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming that interest rates are 10% per annum for all maturities, calculate the futures price of silver for delivery in 9 months.
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Somshukla Chakraborty
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