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Considering the information provided below, what is the price of the one-year forward contract? Commodity: Wheat Contract Size: 3,000 bushels Each bushel is being traded

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Considering the information provided below, what is the price of the one-year forward contract? Commodity: Wheat Contract Size: 3,000 bushels Each bushel is being traded at $9. Storing the 3,000 bushels for one year entails a cost of $102 Current interest rate is 5%. Ignore risk premium. * Round your answer to the nearest three decimals if needed. Do not type the $ symbol

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