What is the approximate annualized lease rate

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The sport rate for corn is 587 cents per bushel. the 6 month forward price is 600, the 12 month forward price is 587 and the 24 month forward price is 570. The annual risk free interest rate is 3%. what is the approximate annualized lease rate on the 12 month corn forward contract?

Reference no: EM131035489

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