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Soybean spot price is $13.2/bushel, 18-month forward price is $13.7/bushel. Annual risk free rate is 4%.What is the approximate annualized lease rate on the 18-month

Soybean spot price is $13.2/bushel, 18-month forward price is $13.7/bushel. Annual risk free rate is 4%.What is the approximate annualized lease rate on the 18-month soybean forward contract? 0.69% 1.52% 2.69% 3.31%

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