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The current market value of silver is $14.72 per ounce and the risk-free rate is 2.4% (EAR). Part 1: What should be the 7-month maturity

The current market value of silver is $14.72 per ounce and the risk-free rate is 2.4% (EAR).

Part 1: What should be the 7-month maturity futures price?

Part 2: What should be the 7-month maturity futures price if storage costs are 1.5% of the price per year?

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