The return on a cash-and-carry gold is loaned

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Suppose the gold spot price is $1700/oz, the 1-year forward price is 1760.54, and the continuously compounded risk-free rate is 4%. Calculate the following: the lease rate δ= 1T 1n F0,TS B. the return on a cash-and-carry if gold cannot be loaned C. the return on a cash-and-carry if gold is loaned and it earns the lease rate

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