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The spot price of silver is $50 per ounce. The continuously compounded interest rate is 7% per year. The quoted six-month forward price for silver

The spot price of silver is $50 per ounce. The continuously compounded interest rate is 7% per year. The quoted six-month forward price for silver is $55.

a. What is the arbitrage-free forward price for silver for a contract maturing in six months:

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