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QUESTION 5 The spot price of silver is $20 per ounce. The storage costs are $0.40 per ounce per year payable quarterly in advance. Assuming

QUESTION 5 The spot price of silver is $20 per ounce. The storage costs are $0.40 per ounce per year payable quarterly in advance. Assuming that interest rates are 9% per annum for all maturities, calculate the futures price of silver for delivery in nine month

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