Question: Conceptually, what are the differences between Equations 23.1, 23.2, and 23.3? Which equation would you use to determine the fair forward price for an asset

Conceptually, what are the differences between Equations 23.1, 23.2, and 23.3? Which equation would you use to determine the fair forward price for an asset that does not earn any income but is costly to store, such as gold or silver? How would you modify the equation?

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