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Current spot price of silver is $16.92 per ounce. The storage costs are $0.90 per ounce per year payable quarterly in advance and continuously compounded
Current spot price of silver is $16.92 per ounce. The storage costs are $0.90 per ounce per year payable quarterly in advance and continuously compounded interest rates are 2% per annum. What should be the current futures price for a previously initiated silver futures contract with remaining life of 14 months, assuming the most recent storage cost was paid one month ago?
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