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the current price of silver is $15 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming the interest

the current price of silver is $15 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming the interest rates are 10% per annum for all maturities, calculate the futures price of silver for delivery in nine months.Note: gold and silver, while being financial assets, have storage costs ,they do not however, have a convenience yield.

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