Question: Need help - no spot rate is given for silver At the beginning of April one year, the silver forward prices (in cents per troy

Need help - no spot rate is given for silver

At the beginning of April one year, the silver forward prices (in cents per troy ounce) were as follows: Assume that contracts settle at the end of the given mouth. The carrying cost of silver is about 20 cents per ounce per year, paid at the beginning of each month. Estimate the interest rate (assume monthly compounding and a constant rate for all months) at the beginning of April

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