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Problem

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question

The current price of gold is 412perounce.Thestoragecostis412 per ounce. The storage cost is 2 per ounce per year, payable quaterly in advance. Assuming a constant intrest rate of 9% compounded quarterly, what is the theoretial forward price of gold for delivery in 9 months?
Plain-text mathematical notation (without MathML)
The current price of gold is 412perounce.Thestoragecostis2 per ounce per year, payable quaterly in advance. Assuming a constant intrest rate of 9% compounded quarterly, what is the theoretial forward price of gold for delivery in 9 months?
Original LaTeX notation
The current price of gold is $412 per ounce. The storage cost is $2 per ounce per year, payable quaterly in advance. Assuming a constant intrest rate of 9% compounded quarterly, what is the theoretial forward price of gold for delivery in 9 months?

category

business

options

  1. 448.25
  2. 465.75
  3. 435.67
  4. 442.02
  5. 455.90
  6. 460.30
  7. 450.50
  8. 438.88
  9. 427.15
  10. 470.10

src

theoremQA-Finance

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