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It is now January. The current interest rate is 3.6%. The June futures price for gold is $1552.80, while the December futures price is $1,552. 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? (Do not round intermediate calculations. Round your answer to 2 decimal place.)

Price for December futures

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92750487

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