Calculate convenience yield for magnoosium scrap from the following information: Spot price: $2,550 per ton.
Question:
Calculate convenience yield for magnoosium scrap from the following information:
• Spot price: $2,550 per ton.
• Futures price: $2,408 for a one-year contract.
• Interest rate: 12%.
• Storage costs: $100 per year.
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