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Silver is currently trading at $ 2 5 per ounce. Assume that the storage costs for silver are 1 % pa . The riskfree rate

Silver is currently trading at $25 per ounce. Assume that the storage costs for silver are 1% pa. The riskfree rate is 5% pa.
Calculate the fair forward price ("F") for delivery of silver in in 11 months time?
Enter an answer to 2 decimal places. Do not enter the dollar sign " $ ".
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