Q6. Suppose today the spot corn price is $2.43 per bushel. The continuous interest rate is 6%. Storage costs are 6 cents per bushel per month, payable at the end of each month. (a) If the convenience value is 0, what is the fair futures price for a 90-day futures contract? (b) If the actual futures price is $2.5003 per bushel, how much is the convenience value? (The convenience yield is an implied return on inventories.)