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Business, 17.12.2019 06:31 faithyholcomb

The current price of silver is $45 per ounce and the cost of storing this silver is $1 per ounce payable at the end of 9 months. assuming that interest rates are 12% per annnum continuously compounded for all maturities, what is the upper bound for the futures price of silver for delivery in one year? a)$57.82b)$51.77c)$41.82d)$47.77

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