If the spot price of gold is 983 per troy ounce the


If the spot price of gold is $983 per troy ounce, the risk-free interest rate is 7%, and storage and insurance costs are zero. what should be the forward price of gold for delivery in 1 year? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Forward price

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Financial Management: If the spot price of gold is 983 per troy ounce the
Reference No:- TGS02322350

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