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Given the following information. What do you expect the minimum price of a 6 month futures contract to be? -the spot price is $12.43 -storage

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Given the following information. What do you expect the minimum price of a 6 month futures contract to be? -the spot price is $12.43 -storage cost $0.20 per month -you can borrow at an annual rate of interest of 9% 1) 12.63 2) 14.19 3) 13.63 wy 4) 12.43

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