Considering the information provided below, what is the price of the one-year forward contract? Commodity: Wheat...
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Considering the information provided below, what is the price of the one-year forward contract? Commodity: Wheat Contract Size: 3,000 bushels Each bushel is being traded at $4. Storing the 3,000 bushels for one year entails a cost of $111 Current interest rate is 5%. Ignore risk premium. *Round your answer to the nearest three decimals if needed. *Do not type the $ symbol. Considering the information provided below, what is the price of the one-year forward contract? Commodity: Wheat Contract Size: 3,000 bushels Each bushel is being traded at $4. Storing the 3,000 bushels for one year entails a cost of $111 Current interest rate is 5%. Ignore risk premium. *Round your answer to the nearest three decimals if needed. *Do not type the $ symbol.
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