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The price of corn is currently $3.90 per bushel and the rate of interest (with continuous compounding) is 4%. Storage costs are $0.25/bushel per month.
The price of corn is currently $3.90 per bushel and the rate of interest (with continuous compounding) is 4%. Storage costs are $0.25/bushel per month. Your supervisor has asked that you estimate what the futures price of corn should be in one month. Provide your answer below and please round your answer to 2 places past the decimal and don't include dollars signs in your answer. For example, if your answer is $3.497 then you need to type 3.50 in the answer box
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