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Assume the spot price of wheat is $2.90 per bushel. The appropriate interest rate is 3 percent, and there are no storage costs. Under spot-futures

Assume the spot price of wheat is $2.90 per bushel. The appropriate interest rate is 3 percent, and there are no storage costs. Under spot-futures parity, calculate the price for a six-month wheat futures contract?

		$4.52
		$3.55
		$2.94
		$2.76

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