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Storage and insurance costs on gold are $10.64 per month per ounce and have just been paid. The spot price of gold is $1885.44 per

Storage and insurance costs on gold are $10.64 per month per ounce and have just been paid. The spot price of gold is $1885.44 per ounce. Calculate the forward price of a forward contract on gold that matures in 5 months. The risk-free rate 4.69%.

A) $ 1975.91

B) $ 1786.96

C) $ 2230.93

D) $ 2530.96

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