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Consider a 6-month future on gold that matures in half a year. The spot price of gold is currently equal to $1,330 and many forecasts

Consider a 6-month future on gold that matures in half a year. The spot price of gold is currently equal to $1,330 and many forecasts call for the price of gold to drop over the next year. If the risk-free interest rate is 2%, what is the theoretical value of the future contract?

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