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It is now January. The current annual interest rate is 5 . 2 % . The June futures price for gold is $ 1 6
It is now January. The current annual interest rate is The June futures price for gold is $ while the December futures price is $ Assume the June contract expires in exactly months and the December contract expires in exactly months.
Required:
a Calculate the appropriate price for December futures using the parity relationship? Do not round intermediate calculations. Round your answer to decimal places. Price for December futures:
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