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12. The spot price of silver is $2,396 per ounce, and annual storage costs are 0.16% of the price per ounce. The risk-free interest rate

12. The spot price of silver is $2,396 per ounce, and annual storage costs are 0.16% of the price per ounce. The risk-free interest rate is 4% for 6 month. All rates are quoted with continuous compounding.

a. What is the futures price of silver for delivery in 6 months?

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