The current price of gold is $288 per troy ounce. The cost of storing gold is $0.03/oz
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The current price of gold is $288 per troy ounce. The cost of storing gold is $0.03/oz per month. Assuming an annual risk-free rate of interest of 12% compounded monthly, what is the approximate futures price of gold for delivery in four months?
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Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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