=+ (d) Now suppose that costs of storage and convenience yield should be taken into account. How

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(d) Now suppose that costs of storage and convenience yield should be taken into account. How do these new conditions change your answer to part

(a) of this question if we assume that the present value of all the storage costs per unit of this commodity that will be incurred during the life of the forward contract is £0. 25 per tonne and the convenience yield is 0.25% p.a.?

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