题目
The spot price for a commodity is $19. The annual lease rate for the commodity is 5%. The appropriate continuously compounded annual risk-free rate is 6.5%. Which of the following amounts is closest to the 3-month commodity forward price?
选项
A.$18.46
B.$18.93
C.$19.07
D.$19.55
答案
C
解析
The 3-month forward price is calculated as follows:「huixue_img/importSubject/1564169522930388992.png」