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Gold price is $1602.4 per ounce. The storage costs are $2.16 per ounce per year payable quarterly in advance. Assuming that interest rates are 2%

Gold price is $1602.4 per ounce. The storage costs are $2.16 per ounce per year payable quarterly in advance. Assuming that interest rates are 2% per annum with continuous compounding for all maturities, calculate the futures price of gold for delivery in six months.

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