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The spot price of gold that provides 3% annual lease rate is $134 per ounce. The annual storage cost of gold is 2% and the
The spot price of gold that provides 3% annual lease rate is $134 per ounce. The annual storage cost of gold is 2% and the risk-free rate for all maturities with continuous compounding is 9%. What is the three-year futures price? $170.34 $180.40 $196.20 $167.96
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