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As the convenience yield increases, which of the following is true? The one-year futures price as a percentage of the spot price stays the same.

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As the convenience yield increases, which of the following is true? The one-year futures price as a percentage of the spot price stays the same. The one-year futures price as a percentage of the spot price can move in either direction (i.e., increase or decrease). The one-year futures price as a percentage of the spot price increases. The one-year futures price as a percentage of the spot price decreases. As the convenience yield increases, which of the following is true? The one-year futures price as a percentage of the spot price stays the same. The one-year futures price as a percentage of the spot price can move in either direction (i.e., increase or decrease). The one-year futures price as a percentage of the spot price increases. The one-year futures price as a percentage of the spot price decreases

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