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Assume the spot price of wheat is $3.00 per bushel. The appropriate interest rate is 5 percent, and there are no storage costs. Under spot-futures

Assume the spot price of wheat is $3.00 per bushel. The appropriate interest rate is 5 percent, and there are no storage costs. Under spot-futures parity, calculate the price for a six-month wheat futures contract? (Round your answer to 3 decimal places.)

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