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Today is January 1. Forward prices for gold forward maturing on April 1 is $1,500 per ounce. The simple interest rate is 6% per year.

Today is January 1. Forward prices for gold forward maturing on April 1 is $1,500 per ounce. The simple interest rate is 6% per year. What would be the forward price for a forward contract on gold maturing August 1?

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