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. Assume that American Barrick enters into a spot deferred contract (SDC) at time t=0 to sell one oz. of gold either at t=1 or

. Assume that American Barrick enters into a spot deferred contract (SDC) at time t=0 to sell one oz. of gold either at t=1 or t=2. Let us also assume at t=0, the spot rate of gold = $300 per oz., L...

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