Problem 4: Oil Forwards (5 points) A risk-free bond with face value of $1000 expiring one year from today can be bought or sold for $990. The spot price of oil today is $95 per barrel. The all-in cost of storing 10,000 barrels of oil over the next year is $25,000 (in present value). Oil pays no dividends and has no convenience yield (a) What is the no-arbitrage delivery price for a forward contract on a barrel of oil with delivery date one year from today? No-arbitrage forward price: (2 points)