Consider a commodity with constant volatility and an expected growth rate that is a function solely of

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Consider a commodity with constant volatility and an expected growth rate that is a function solely of time. Show that, in the traditional risk-neutral world,image text in transcribed

where ST is the value of the commodity at time T and F(t) is the futures price at time 0 for a contract maturing at time t.AppendixLO1

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