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A commodity has a futures price of $50, a spot price of $51, and a continuous storage cost of 3% per annum. If the

A commodity has a futures price of $50, a spot price of $51, and a continuous storage cost of 3% per annum. If the continuous risk-free rate is 5% per annum and the futures contract expires in 2 years, then we can determine the (continuous, per annum) convenience yield to be:

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