9. A metal costs $0.10 per month to store (which is paid upfront) but gives a convenience yield worth $0.12 per month (which is received at maturity). If the metals spot price is $150 per pound and the continuously compounded interest rate is 5% per annum, what is the six-month forward price?

1. $150.98
2. $151.37
3. $152.48
4. $153.69
5. $154.82