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10. Three years from now you will sell 10 ounces of gold and immediately deposit the proceeds for two years. The spot price of gold

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10. Three years from now you will sell 10 ounces of gold and immediately deposit the proceeds for two years. The spot price of gold is $500 per ounce and it costs 8% to store gold. You decide to hedge all risk. How much will you have at t=5

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