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Calculate the price of futures contract using the following information: spot price of corn=K5.00 per bushel,risk free rate =3% p.a,time to maturity of the contract=1

Calculate the price of futures contract using the following information: spot price of corn=K5.00 per bushel,risk free rate =3% p.a,time to maturity of the contract=1 year,cost of carry (storage)=K0.25 per bushel

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