Starting with the Jun 22 Gold futures settle price, if the cost of storing gold for six months, paid at the end, is $4/ounce, and the annualized interest rate to borrow money is 3%, then the theoretical Dec 22 Gold futures settle price is

Starting with the Jun 22 Gold futures settle price, if the cost of storing gold for six months, paid at the end, is $4/ounce, and the annualized interest rate to borrow money is 3%, then the theoretical Dec 22 Gold futures settle price is

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Starting with the Jun 22 Gold futures settle price, if the cost of storing gold for
six months, paid at the end, is $4/ounce, and the annualized interest rate to
borrow money is 3%, then the theoretical Dec 22 Gold futures settle price is
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O 1967.8
O 1991.6
O 1986.1

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