Determine the price of the West Texas Intermediate (WTI) crude oil futures contract traded on the New
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Question:
Determine the price of the West Texas Intermediate (WTI) crude oil futures contract traded on the New York Mercantile Exchange which has 12 days to expiry, when physical WTI is trading at $75.89 per barrel, the continuously compound rate of return is 3.1855%pa and storage costs are $0.76 per barrel per annum. To answer this question correctly, you MUST research the NYMEX WTI Crude Oil contract to determine how it is quoted. In your answer you also must state the contract unit.
Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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