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20. The spot price for gold is $1,000 per ounce. The dividend yield on the S&P 500 is 2.4%. The risk-free interest rate is 5.2%.

20. The spot price for gold is $1,000 per ounce. The dividend yield on the S&P 500 is 2.4%. The risk-free interest rate is 5.2%. The futures price for gold for a 3-month contract on gold should be __________.

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