Question: Suppose that a commodity's forward prices for 1 year, 2 years, and 3 years are $143,$149, and $174, respectively. The 1-year effective annual interest rate

Suppose that a commodity's forward prices for 1 year, 2 years, and 3 years are $143,$149, and $174, respectively. The 1-year effective annual interest rate is 6.1%, the 2 -year interest rate is 5.696 , and the 3 -year interest rate is 5.39 . What is the 3-year swap price? Selected Answer: d. $154.85 Answers: a. $139.14 b. $152.37 c. $149.12 d. $154.85 e. $417.42

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