Q5 (forward pricing, storage cost) The spot price of silver is $25 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assume that continuously compounded interest rates are 5% per annum for all maturities. (a) What is the present value of the storage costs for nine months? (b) What is the forward price of silver for delivery in nine months, assuming silver's convenience yield is 0