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The current price of one troy ounce of gold is $2,101.37. The yearly risk-free CCIR is 3.58%. Assume that 1 ounce of gold pays a

The current price of one troy ounce of gold is $2,101.37. The yearly risk-free CCIR is 3.58%. Assume that 1 ounce of gold pays a one-time cash dividend of $84.65 in 5.25 months from now.

What is the no-arbitrage price of one ounce of gold for delivery 9.90 months from now?

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