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Calculate the 3-month future on Oil by the following information: (i) Spot Oil is...

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Finance

Calculate the 3-month future on Oil by the following information:

(i) Spot Oil is trading at 90USD per barrel. (ii) USD interest rates are at 2%. (iii) Storage charges for Oil are 1USD per barrel per month.

(iv) Insurance against Oil disasters costs 0.20c per barrel. (v) A spike in demand is likely to push Oil prices up by 5USD per barrel.

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