Question
In January 202x, the spot price of crude oil $47.50 a barrel and the one year futures price was $60.38 per barrel. The interest rate
In January 202x, the spot price of crude oil $47.50 a barrel and the one year futures price was $60.38 per barrel. The interest rate was about 0.11 percent.
What was the net convenience yield? Interpret/explain that result. Show your work!
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Mathematics Of Finance
Authors: Robert Brown, Steve Kopp, Petr Zima
8th Edition
0070876460, 978-0070876460
