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Gold currently has a price of $1900 per ounce, and its futures contract which expires in 5 months is priced at $1929. If the futures

Gold currently has a price of $1900 per ounce, and its futures contract which expires in 5 months is priced at $1929. If the futures contract is fairly priced, calculate the implied risk-free interest rate (effective annual).

0.30%

3.70%

1.53%

4.89%

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