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Suppose that the price of corn is risky, with a beta of 0.7. The monthly storage cost is $0.05 per bushel, and the current spot

Suppose that the price of corn is risky, with a beta of 0.7. The monthly storage cost is $0.05 per bushel, and the current spot price is $2.68, with an expected spot price in three months of $3.07. 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 future cost?

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