11. The spot price of an investment asset that provides no income is $50 and the risk-free rate for all maturities (with continuous compounding) is 8%. What is the two-year forward price? A) $51.55 B) $53.12 C) $56.94 D) $58.68 12. The spot price of an investment asset is $50 and the risk-free rate for all maturities is 8% with continuous compounding. The asset provides an income of $2 at the end of the first year and at the end of the second year. What is the three-year forward price? A) $56.32 B) $59.03 C) $53.55 D) $57.31 13. The spot price for crude oil is $60 per barrel. The storage cost is 2.5% per annum. The risk-free interest rate is 7.5% with continuous compounding. The futures price for a one-year contract on crude oil should be A) $66.31 B) $62.08 C) $63.16 D) $65.28