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A futures contract has 6 5 days to expiration. The T - bill rate is 5 . 5 % and the storage yield is 9
A futures contract has days to expiration. The Tbill rate is and the storage yield is and the convenience yield is Is this contract in contango or backwardation?
a Contango
b Backwardation
c Can't say without knowing the spot and futures prices
d Don't circle me
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