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1. Forward pricing. An ounce of copper costs $23.50 in the spot market today. If the interest rate is 10% per year compounded continuously, what

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1. Forward pricing. An ounce of copper costs $23.50 in the spot market today. If the interest rate is 10% per year compounded continuously, what is the "fair" forward price for an ounce of copper to be delivered in six months? 2. Convenience yield. An ounce of copper costs $23.50 in the spot market today. If the interest rate is 10% per year compounded continuously, what is the "fair" forward price for an ounce of copper to be delivered in six months if it costs $0.25 to store an ounce of copper for six months

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