The current price of copper is $$2$ per ounce. Storage costs are $12$ cents per ounce per year.

Storage costs are payable in two installments, half today and half in six months. The risk$-$

free rate for six months is $2\%$ and the risk$-$free rate for one year is $3\%.$ Compute the futures

price for a one ounce one$-$year contract.