The spot price of silver is 9 per ounce the storage costs


The spot price of silver is $9 per ounce. The storage costs are $0.06 per quarter payable in advance. Assuming that interest rates are 10% per annum for all maturities, calculate the forward price of silver for delivery in 9 months.

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Econometrics: The spot price of silver is 9 per ounce the storage costs
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