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The current price of sugar is 15 cents per pound. The carrying cost of sugar is 0.10 cents per pound per month, to be paid at the beginning of the month. The risk-free interest rate applicable is 6% per annum. Find the forward price of a pound of sugar to be delivered in 3 months.

A. $15.52 B. $15.41 C. $15.30 D. $15.19 E. $15.08

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91782399

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