The spot price of platinum is 1170 per ounce the storage, Financial Management

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The spot price of platinum is 1170 per ounce the storage

The spot price of platinum is $1170 per ounce. The storage costs are $5 per six months paid the beginning of each six-month period. The continuously compounded interest rate is 5% per year. What should be the 1-year futures price of platinum per ounce?

a. $1239.99

b. $1240.11

c. $1240.37

d. $1240.50

e. $1240.63

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Financial Management: The spot price of platinum is 1170 per ounce the storage

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Financial Management: The spot price of platinum is 1170 per ounce the storage

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