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Assume the spot price of wheat is $3.15 per bushel. The appropriate interest rate is 4 percent, and there are no storage costs. Under spot-futures

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Assume the spot price of wheat is $3.15 per bushel. The appropriate interest rate is 4 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.) Futures contract

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