5.You buy a one year futures contract on a commodity for $45. The risk free rate is 10% per annum. Six months later the spot price of the commodity is $52 with the same risk free rate. Find the new futures price of the commodity contract. The new futures price of the commodity contract would be9.09

6.Using the new futures price computed in Problem 5, and the same data in that problem, compute the value of the futures contract. The correct futures contract value is......?

Fo = Soe^((r - rf)(T)