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Let the spot price of oil on June 1st 2009 be $100 per barrel. Suppose the 3-month forward price is $99. Assume that the storage

Let the spot price of oil on June 1st 2009 be $100 per barrel. Suppose the 3-month forward price is $99. Assume that the storage cost of a barrel of oil is 3% at an annual rate compounded continuously...

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