题目
The spot price of silver is $20.00 per ounce. The storage cost is $3.00 per ounce per year payable quarterly in arrears. The risk-free interest rate is flat at 3.0% per annum with continuous compounding. Further, you have determined that the owning silver confers a convenience yield of 0.20% (20 basis points) per month with continuous compounding. Which is nearest to the theoretical futures price of silver for delivery in six months?
选项
A.$19.83
B.$20.79
C.$21.55
D.$23.09
答案
C
解析
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