What is a fair price for a 1-year forward contract on this


A certain commodity sells for $150 today. The present value of the cost of storing this commodity for one year is $11. The risk-free rate is 5%. What is a fair price for a 1-year forward contract on this asset? Round your answer to the nearest cent. $

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Financial Management: What is a fair price for a 1-year forward contract on this
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