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Uranium is a heavy metal that is highly valuable because it is a source of concentrated energy. The spot price of uranium is USD 90
Uranium is a heavy metal that is highly valuable because it is a source of concentrated energy. The spot price of uranium is USD 90 per kilogram. If one were to buy uranium and store it in a safe facility, the storage cost would be 3% per annum (continuously compounded). Interest rates are currently 4% per annum (continuously compounded). What is the fair forward price (per kilogram) for the delivery of uranium in 6 months.
Enter your answer with 2 decimal places. Do not enter the dollar sign "$".
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