Question: 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

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 yield, 4 percent for the storage cost, and 3 percent for the convenience yield.

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