COMIND index is computed by averaging commodity prices. Compute the five month forward price for this index

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COMIND index is computed by averaging commodity prices. Compute the five month forward price for this index if the spot price is 1,000 and the continuously compounded annual rates for various costs and benefits are 5 percent for the interest rate, 3 percent for the dividend yield, 4 percent for the storage cost, and 3 percent for the convenience yield.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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