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Suppose there is a commodity in which the expected future spot price is $60. To induce investors to buy futures contracts, a risk premium of

Suppose there is a commodity in which the expected future spot price is $60. To induce investors to buy futures contracts, a risk premium of $4 is required. To store the commodity for the life of the futures contract would cost $5.50. Find the futures price. Please show the formula and the way how to solve it. no excel.

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