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An analyst for LevelUP gathered the following information regarding a futures contract: Current spot-market price of R60 The continuous compounded risk-free interest rate of 8.5%

An analyst for LevelUP gathered the following information regarding a futures contract: Current spot-market price of R60 The continuous compounded risk-free interest rate of 8.5% per annum The actual futures prices of the contract are R61 Calculate the price of the future contract for delivery in six months and indicate whether the contract is overpriced, underpriced, or correctly priced

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