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Please add (excel)steps if possible! much appreciate! The interest rate (with continuous compounding) is 2.50%. The cost of storing oil is 0.60% per annum. The

image text in transcribed Please add (excel)steps if possible! much appreciate!

The interest rate (with continuous compounding) is 2.50%. The cost of storing oil is 0.60% per annum. The 6 year forward price for oil is 98.83, while the spot price is 96.49. What is the convenience yield of oil? 0.70%2.70%1.50%2.10%

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