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The current price of silver is $60 per ounce and the risk-free rate for all maturities is 8% with continuous compounding. The storage costs are

The current price of silver is $60 per ounce and the risk-free rate for all maturities is 8% with continuous compounding. The storage costs are $1 per ounce per year payable yearly in advance. Calculate the futures price of silver for delivery in two years.

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