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The spot price of copper is $17 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming that interest

The spot price of copper is $17 per ounce. The storage costs are $0.24 per ounce per year payable quarterly in advance. Assuming that interest rates are 20% per annum for all maturities, calculate the futures price of copper for delivery in nine months

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