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The spot price of silver is $ 1 4 . 2 5 per ounce. The storage costs are proportional and equal to 0 . 7

The spot price of silver is $14.25 per ounce. The storage costs are proportional and equal to 0.70% per ounce per annum continuously compounded.
Assuming that interest rates are 5.15% per annum for all maturities, calculate the futures price of silver for delivery in 8 months. (Answer with two digits decimal accuracy. Example: 17.53.)

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