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The spot price for gold is $1,650 per ounce. The storage cost is $3 per ounce per annum. The risk-free interest rate is 5% with

The spot price for gold is $1,650 per ounce. The storage cost is $3 per ounce per annum. The risk-free interest rate is 5% with continuous compounding. The futures price for gold for a 6-month contract on gold should be __________.

A) $1,598.91 B) $1,659.08 C) $1,689.94 D) $1,694.77

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