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. The spot price of gold is currently $ 1,703 /oz, while the 4-month forward price is $ 1,735/oz. Suppose gold has an active lease

. The spot price of gold is currently $ 1,703 /oz, while the 4-month forward price is $ 1,735/oz. Suppose gold has an active lease market with lease rate 1.9% expressed in annualized continously-com...

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