The current price of silver is $40 per ounce. The storage costs are $0.52 per ounce per
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Question:
- The current price of silver is $40 per ounce. The storage costs are $0.52 per ounce per year, payable quarterly in advance. Assuming that interest rates are 8% per annum for all maturities, calculate the futures price of silver for delivery in nine months.
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