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We re holding gold in our portfolio and are worried about it losing its value. The current spot is $325 per troy ounce and the

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We re holding gold in our portfolio and are worried about it losing its value. The current spot is $325 per troy ounce and the contract size is 100 troy ounces. Storage costs for gold are $2.00 per ounce payable at contract maturity. Calculate the futures price on this contract if the risk free rate is 4% per year. The correct price per troy ounce would be $

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