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Can convenience yield ever be zero? If yes, under what condition? What determines the cost of borrowing a commodity? What do the five fingers have
- Can convenience yield ever be zero? If yes, under what condition? What determines the cost of borrowing a commodity? What do the five fingers have to do with either the cost of borrowing a commodity or the convenience yield of holding a commodity in inventory?Explain in detail.
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
