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The spot price for wheat is $140.1 per tonne, the riskless rate is 4% p.a. and storage costs are 2% p.a. (continuously compounded). What is
The spot price for wheat is $140.1 per tonne, the riskless rate is 4% p.a. and storage costs are 2% p.a. (continuously compounded).
What is the no-arbitrage forward price of wheat for delivery in 5 months' time?
Write your answer correct to two decimal places. Do not include the dollar sign or commas.
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