If the Five-Month Futures Contract Price for Gold Is Currently

question 1

Multiple Choice

If the five-month futures contract price for gold is currently $1,671.39 per ounce, what should we expect the current spot price to be if the annual interest rate is 3.75%?

• A)$1,645.95
• B)$1,658.47
• C)$1,668.58
• D)$1,671.39
• E)$1,699.23

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