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Suppose that the spot price of Brent is 7 3 usd, its custody and storage implies a convenience cost of 2 % per year and

"Suppose that the spot price of Brent is 73 usd, its custody and storage implies a convenience cost of 2% per year and the interest rate free of credit risk in the USA is .1%. Calculate the one year's put if the strike price is 75 usd, the volatility is 30% and the contract covers 1000 barrels."

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