Question 6 The spot price of oil is $99 per barrel. The PV of the storage costs of storing oil are 5.4% of its price per barrel per year. The annualized risk free-rate is 2.50%, continuously compounded. Oil has no use before being consumed, and thus has no yield associated with it. What is the fair price of a 9-month futures contract on oil? $93.30/barrel O $99.00/barrel O $100.87/barrel $103.09/barrel $105.04/barrel 5 pts O $107.14/barrel