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The spot price of gold is $1,975 per ounce. Gold storage costs are $1.80 per ounce per year payable monthly in advance. Assuming that continuously
The spot price of gold is $1,975 per ounce. Gold storage costs are $1.80 per ounce per year payable monthly in advance. Assuming that continuously compounded interest rates are 4% per year, the futures price of gold for delivery in 2 months is closest to:
Select one:
$1,989.51
$1,988.51
$1,975.51
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