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The spot price of silver is $20.8 per ounce. The storage cost is $6 per ounce paid once per year payable in advance. Assuming that

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The spot price of silver is $20.8 per ounce. The storage cost is $6 per ounce paid once per year payable in advance. Assuming that the interest rates are 6.3% per annum for all maturities. Calculate the future price of silver for delivery in 150 days. Assume that all rates are continuously compounded and the days of the year are 365 . a. $18.80 b. $27.50 c. $24.30 d. $21.35

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