Using the Cost of Carry Model (COC), calculate the futures price of cocoa with the information given below. Spot price of cocoa = RM95.00 per ton Risk free interest rate (rf) = 6% annualised Storage cost = RM6.00 per ton/year Convenience yield to farmer = nil Contract period = 6 months a) Calculate the Futures price using this formula Fi=S. (1+rf+c-y). (5 marks) b) Explain the convergence property and support your answer with diagram of Spot-Futures Convergence at Maturity. (10 marks) Using the Cost of Carry Model (COC), calculate the futures price of cocoa with the information given below. Spot price of cocoa = RM95.00 per ton Risk free interest rate (rf) = 6% annualised Storage cost = RM6.00 per ton/year Convenience yield to farmer = nil Contract period = 6 months a) Calculate the Futures price using this formula Fi=S. (1+rf+c-y). (5 marks) b) Explain the convergence property and support your answer with diagram of Spot-Futures Convergence at Maturity. (10 marks)