Assume that markets are perfect in the sense of being free from transactions cost and restrictions on short selling. The spot price of gold is $370/oz. Current interest rates are 10% compounded monthly. According to the Cost-of-Carry Model, approximately what should the price of a gold futures contract be if expiration is 6 months away. Assume that the cost of storing the gold is $0. (There are 100 ounces of gold in a gold futures contract.)

		$394.63
		$375.72
		$381.46
		$388.89