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The spot price of oil is $100 per barrel and the cost of storing a barrel of oil for one year is $8 per barrel,

The spot price of oil is $100 per barrel and the cost of storing a barrel of oil for one year is $8 per barrel, payable at the end of each quarter. The risk free rate is 6% per annum continuously compounded. What is the 9-month futures price of oil?

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