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5. Suppose the gold spot price is $300/oz, the 1-year forward price is 310.686, and the continuously compounded risk-free rate is 5%. a. What is

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5. Suppose the gold spot price is $300/oz, the 1-year forward price is 310.686, and the continuously compounded risk-free rate is 5%. a. What is the lease rate? b. What is the return on a cash-and-carry in which gold is not loaned? c. What is the return on a cash-and-carry in which gold is loaned, earning the lease rate

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