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Problem 2.5. Gold price is $1858 per ounce. The storage costs are $3.24 per ounce per year payable quarterly at the end of each quarter.

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Problem 2.5. Gold price is $1858 per ounce. The storage costs are $3.24 per ounce per year payable quarterly at the end of each quarter. Assuming that interest rates are 4% per annum with continuous compounding for all maturities, calculate the futures price of gold for delivery in six months

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