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You are a palladium trader at General Motors tasked with acquiring the commodity for the catalytic converters. You can see that current 3 month future

You are a palladium trader at General Motors tasked with acquiring the commodity for the catalytic converters. You can see that current 3 month future price of palladium is fT= $2370.50 per troy oz, the annual risk free rate of interest is 1%. What price should you bid today to buy at spot?

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$2793.37 per troy oz

$2690.53 per troy oz

$2300.44 per troy oz

$2364.58 per troy oz

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