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Suppose that the price of corn is risky, with a beta of 0.6. The monthly storage cost is $0.05 per bushel, and the current spot

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Suppose that the price of corn is risky, with a beta of 0.6. The monthly storage cost is $0.05 per bushel, and the current spot price is $2.79, with an expected spot price in three months of $2.96. If the expected rate of return on the market is 1.7% per month, with a risk- free rate of 0.8% per month, what is the expected futures cost? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Expected futures cost Would you store the corn for three months? O No Yes

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