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Calculate convenience yield for magnoosium scrap from the following information: - Spot price: $2,690 per ton. - Futures price: $2,548 for a one-year contract. -

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Calculate convenience yield for magnoosium scrap from the following information: - Spot price: $2,690 per ton. - Futures price: $2,548 for a one-year contract. - Interest rate: 10%. - Storage costs: $240 per year. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place

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