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8. Suppose current spot price of oil is 895 per barrel, the six-month forward price of oil is $94 per barrel, and the current risk-free

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8. Suppose current spot price of oil is 895 per barrel, the six-month forward price of oil is $94 per barrel, and the current risk-free rate for 6 months is 2.00% per annum. What effective six-month borrowing rate for oil does this imply? Describe the actions you would take to achieve this borrowing rate and demonstrate that these actions result in a borrowing at this rate

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