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Business, 06.08.2021 16:10 PNA

It is now January. The current annual interest rate is 3%. The June futures price for gold is $1,246.30, while the December futures price is $1,251. Assume the June contract expires in exactly 6 months and the December contract expires in exactly 12 months. a. Calculate the appropriate price for December futures using the parity relationship

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It is now January. The current annual interest rate is 3%. The June futures price for gold is $1,246...

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