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please don't use excel formulas Question: The current price of oil is $32.00 per barrel. Forward prices for 3, 6, 9 and 12 months are

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please don't use excel formulas

Question: The current price of oil is $32.00 per barrel. Forward prices for 3, 6, 9 and 12 months are 53137 $30.75. $30.14 and $29.54. Assuming a 2% compounded annual risk-free rate, what is annualized lease rate for each maturity? Is this an example of contango or backwardation

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