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(17) At the beginning of June, forward prices on copper were as listed in the table below. The storage cost of copper is $0.0053 per

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(17) At the beginning of June, forward prices on copper were as listed in the table below. The storage cost of copper is $0.0053 per ounce per month payable at the beginning of the month. The forwards mature at the ends of the given months. Month F July 4.0995 August 4.0945 September | 4.1215 December 4.1235 Estimate the price of an ounce of copper on at the beginning of June and estimate the continuously compounded interest rate. (10) Sunnan t the beginning of June a company owns a copper mine (17) At the beginning of June, forward prices on copper were as listed in the table below. The storage cost of copper is $0.0053 per ounce per month payable at the beginning of the month. The forwards mature at the ends of the given months. Month F July 4.0995 August 4.0945 September | 4.1215 December 4.1235 Estimate the price of an ounce of copper on at the beginning of June and estimate the continuously compounded interest rate. (10) Sunnan t the beginning of June a company owns a copper mine

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