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Suppose that the price of corn is risky, with a beta of 0.4. The monthly storage cost is $0.09 per bushel, and the current spot

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Suppose that the price of corn is risky, with a beta of 0.4. The monthly storage cost is $0.09 per bushel, and the current spot price is $2.87, with an expected spot price in three months of $3. If the expected rate of return on the market is 1.8% per month, with a risk-free rate of 1.1% per month, what is the expected futures cost? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Expected futures cost Suppose that the price of corn is risky, with a beta of 0.4. The monthly storage cost is $0.09 per bushel, and the current spot price is $2.87, with an expected spot price in three months of $3. If the expected rate of return on the market is 1.8% per month, with a risk-free rate of 1.1% per month, what is the expected futures cost? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Expected futures cost

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