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The current price of silver is $9 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming that the

The current price of silver is $9 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming that the risk-free continuously compounded interest rate is 10%, calculate the futures price of silver for delivery in nine months.

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