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Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending are 1.5% per annum. a. How could

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Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending are 1.5% per annum. a. How could you make money if the June (assume it's 6 month out) and the December (assume it's precisely 1 year out) futures contracts are 56/brand $63/bri respectively? b- If we assume the futures are perfectly priced to reflect borrowing costs PLUS the cost of storage, how much does it cost to store 1 barrel of oil for 6 months? Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending are 1.5% per annum. a. How could you make money if the June (assume it's 6 month out) and the December (assume it's precisely 1 year out) futures contracts are 56/brand $63/bri respectively? b- If we assume the futures are perfectly priced to reflect borrowing costs PLUS the cost of storage, how much does it cost to store 1 barrel of oil for 6 months

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