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Silver is currently trading at $20 per ounce. Assume that the storage costs for silver are 1% pa. The riskfree rate is 4% pa. Calculate

Silver is currently trading at $20 per ounce. Assume that the storage costs for silver are 1% pa. The riskfree rate is 4% pa.

Calculate the fair forward price ("F") for delivery of silver in in 10 months time?

Enter an answer to 2 decimal places. Donotenter the dollar sign "$".

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