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Gold currently has a price of $1850 per ounce, and its futures contract which expires in 7 months is priced at $1870. If the futures

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Gold currently has a price of $1850 per ounce, and its futures contract which expires in 7 months is priced at $1870. If the futures contract is fairly priced, calculate the implied risk-free interest rate (effective annual). O a. 0.30% O b. 1.70% O c. 1.03% O d. 1.86%

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