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The current price of silver is $ 7 0 . 7 per ounce. The storage cost is 4 . 9 % per annum with continuous

The current price of silver is $70.7 per ounce. The storage cost is 4.9% per annum with continuous compounding. Assuming that interest rates are 8.4% per annum with continuous compounding for all maturities, calculate the futures price of silver for delivery in 23 months.

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