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The annual risk-free rate is 2.5%. Spot corn is $6.99 per bushel, and the 12-month forward is $6.01 per bushel. What is the annualized lease

The annual risk-free rate is 2.5%. Spot corn is $6.99 per bushel, and the 12-month forward is $6.01 per bushel. What is the annualized lease rate on the 12-month corn forward contract?

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