be er 3. The current price of gold is $300 per ounce. Assume a zero carrying cost for gold. The risk-free rate of interest is 6%. What should be the price of a gold futures contract that expires in 90 days? 4. An asset is priced at p900. A futures contract on the asset expires in 150 days. The risk free interest rate is 8%. Find the appropriate futures price if the underlying assets have no storage costs, cash flows, or convenience yield. 5. A P1,000-face-value bond with coupon rate of 8% paying interest semi-annually has a current market price of $1,050. Compute for (a) semi-annual interest earned, (b) rate of capital gain, and (c) the rate of return. Cornoration at the beginning of year 1 is $150 per bet ir