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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 market with lease rate

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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 market with lease rate 1.9% expressed in annualized continously-compounded terms., what is the implied repo rate? Express the implied repo rate in \% with a margin of error +/0.01

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