If the Seven-Month Futures Contract Price for Rhodium Is Currently

question 41

Multiple Choice

If the seven-month futures contract price for rhodium is currently $12,100 per ounce, what should we expect the current spot price to be if the annual interest rate is 2.2%?

• A)$11,656.92
• B)$11,942.39
• C)$11,947.37
• D)$11,948.39
• E)$12,254.58