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A commodity has a spot price of $100 per unit. The 1-year futures price is $101.52 per unit. If the continuously compounded risk-free rate is

A commodity has a spot price of $100 per unit. The 1-year futures price is $101.52 per unit. If the continuously compounded risk-free rate is 2%, what is the net convenience yield?

A. 0.49%

B. 0.52%

C. 0.48%

D. none of the above.

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