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The Spot gold price is $1,900/oz. If it costs $5 a year to store gold (payable in advance) and the 12 -month risk-free rate is

The Spot gold price is $1,900/oz. If it costs $5 a year to store gold (payable in advance) and the 12 -month risk-free rate is 3.5%, where should one-year gold futures be priced

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