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Suppose that todays spot price for 1 troy ounce of silver is $25. The owner of the silver bar in the COMEX approved warehouse has

Suppose that todays spot price for 1 troy ounce of silver is $25. The owner of the silver bar in the COMEX approved warehouse has to pay $0.002 per troy ounce per day for storage. FYI, the underlying of one Comex silver futures is 5,000 troy ounces.

Suppose the market interest is zero so that anyone can borrow money without any interest. What would be the fair market value of one contract of Comex silver futures expiring in 100 days in terms of USD, rounded to the nearest dollar if necessary?

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