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The spot price of gold is currently $ 1,706 /oz, while the 6-month forward price is $ 1,732/oz. Suppose gold has an active lease market

The spot price of gold is currently $ 1,706 /oz, while the 6-month forward price is $ 1,732/oz. Suppose gold has an active lease market with lease rate 1.8 % expressed in annualized continously-compounded terms, what is the implied repo rate?

Group of answer choices 4.83% 1.8% 3.31% 3.00%

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