The current price of gold is $ 412 per ounce. The storage cost is $ 0.5 per ounce per quarter, payable quarterly in advance.Assuming a constant interest rate of 9 percent, compounded quarterly, what is the theoretical forward price of gold for delivery in 9 months?Hint: F=Sd(0,M)+∑k=M−1k=0c(k)d(k,M)
