Estimate what the futures price of soybeans


Problem: Today's soybean price at the local cash market level is $9.81/bushel.  Using a discount rate (or risk-free rate of interest) of 2% and a storage cost per month of $0.20/bushel, estimate what the futures price of soybeans (in $/bushel) should be in 1 month.  Round your answer to two decimal places.

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Microeconomics: Estimate what the futures price of soybeans
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