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Suppose the spot price of gold is $300 per ounce and the one-year forward price is $350. Assume the riskless interest rate is 7%. What

Suppose the spot price of gold is $300 per ounce and the one-year forward price is $350. Assume the riskless interest rate is 7%.
1. What is the implied cost of carrying the gold?
2. What is the implied storage cost of the gold?

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