Therefore the implied annualized interest rate is


Assume that the cost of carrying silver includes storage costs. On March 7, 2017 the July 2017 futures contract traded at $ 17.585 per ounce (assume it is a 4-month contract), spot traded at $ 17.530 per ounce. Storage costs per ounce are about 0.2% of spot annually. Therefore, the implied annualized interest rate is ?

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Financial Management: Therefore the implied annualized interest rate is
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