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The current price of gold is $900 per ounce. The storage costs are $8.00 per ounce per year payable quarterly in advance. Assuming that interest
The current price of gold is $900 per ounce. The storage costs are $8.00 per ounce per year payable quarterly in advance. Assuming that interest rates are 7%CC for all maturities, what is the estimated futures price of gold for delivery in six months?
A. $868.43
B. $872.43
C. $919.18
D. $935.69
E. $977.02
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