At the beginning of April one year, the silver forward prices (in cents per troy ounce) were

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At the beginning of April one year, the silver forward prices (in cents per troy ounce) were as follows:

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The carrying cost of silver is about 20 cents per ounce per year, paid at the beginning of each month. Estimate the interest rate at that time.

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Investment Science

ISBN: 9780199740086

2nd Edition

Authors: David G. Luenberger

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Question Posted: Apr 20, 2024 12:00 PM

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At the beginning of April one year, the silver forward prices (in cents per troy ounce) were

Question:

Apr 406.50 July 416.64 Sept 423.48 Dec 433.84

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Investment Science

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