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3) You are faced with the Contract Table for Copper Shown below. a) Assuming a that the current cost of financing is a quarterly compounding rate of 0.7% per year what is implied convenience yield between the Mar22 and the May22 contract? Assume an even 1/12 years between every month? b) What is the convenience yield implied between the JUN22 and SEP22 contracts assuming the same cost of financing rate as in (a) above? HRA TES.. CT S&P 50... USD-EUR... USD-CHF. BTMM TRE. CT Generi.. CT COPP X + = Options - COPPER FUTURE Mar 22 Comdty v CT Related Functions Menu H. Bassman C? HGH2 1442.75 +10.30 am and 442.70/442.80 3x5 Prev 432.45 At 8:59d Vol 27478 Op 433.00 Hi 444.35 Lo 431.10 Openint 102498 5 HGH2 COMB Comdty Export Settings Futures Contract Table Copper USd/lb Future As of 02/01/220 Source Commodity Exchange, Inc. Session COMB Display Quoted Value Type Specific Exchange Symbol HG Currency USD Aggr Vol 32,339 Aggr Open Int 198,858 48 Futures Spreads Show Weekly Monthly Quarterly Seasonal Yearly O Intraday Daily Curve CCRV HGH2 COMB Comdty 442.75 Track q Zoom 440 -440 -435 430 420 00:00 08:00 30 Jan 2022 S2 Description 1 Feb22 Mar22 3) Apr22 4 May22 9 Jun22 Jul22 Aug22 Sep22 9 Oct22 10 Nov22 -430 Current Day Prev Day 00:00 08:00 31 Jan 2022 Saga Last Chg Last Chg Settle Time 443.00 +2.27% +11.20 8:21 1442.75 +2.31% +10.30 8:59 443.35 +2.40% +10.70 8:43 1442.55 +2.23% +9.90 8:59 443.00 +2.17% +10.55 8:20 442.00 +2.04% +9.60 8:59 1/31 441.40 +2.18% +9.75 8:37 1/31 1/31 0.00 Bid 442.05 442.70 442.55 442.45 441.95 441.90 441.15 440.85 439.95 439.20 450.00 Ask 442.20 442.80 442.80 442.60 442.40 442.05 442.50 441.05 441.75 441.80 De 25 "Sulas Open Int 2473 102498 1851 46853 822 18309 617 16379 371 321 Volume 207 27478 15 3762 5 532 231 490 LAAA 1 Delayed Pricing Suggested Functions GP Chart securities & technical studies G Manage your charts in a central library c) 3) You are faced with the Contract Table for Copper Shown below. a) Assuming a that the current cost of financing is a quarterly compounding rate of 0.7% per year what is implied convenience yield between the Mar22 and the May22 contract? Assume an even 1/12 years between every month? b) What is the convenience yield implied between the JUN22 and SEP22 contracts assuming the same cost of financing rate as in (a) above? HRA TES.. CT S&P 50... USD-EUR... USD-CHF. BTMM TRE. CT Generi.. CT COPP X + = Options - COPPER FUTURE Mar 22 Comdty v CT Related Functions Menu H. Bassman C? HGH2 1442.75 +10.30 am and 442.70/442.80 3x5 Prev 432.45 At 8:59d Vol 27478 Op 433.00 Hi 444.35 Lo 431.10 Openint 102498 5 HGH2 COMB Comdty Export Settings Futures Contract Table Copper USd/lb Future As of 02/01/220 Source Commodity Exchange, Inc. Session COMB Display Quoted Value Type Specific Exchange Symbol HG Currency USD Aggr Vol 32,339 Aggr Open Int 198,858 48 Futures Spreads Show Weekly Monthly Quarterly Seasonal Yearly O Intraday Daily Curve CCRV HGH2 COMB Comdty 442.75 Track q Zoom 440 -440 -435 430 420 00:00 08:00 30 Jan 2022 S2 Description 1 Feb22 Mar22 3) Apr22 4 May22 9 Jun22 Jul22 Aug22 Sep22 9 Oct22 10 Nov22 -430 Current Day Prev Day 00:00 08:00 31 Jan 2022 Saga Last Chg Last Chg Settle Time 443.00 +2.27% +11.20 8:21 1442.75 +2.31% +10.30 8:59 443.35 +2.40% +10.70 8:43 1442.55 +2.23% +9.90 8:59 443.00 +2.17% +10.55 8:20 442.00 +2.04% +9.60 8:59 1/31 441.40 +2.18% +9.75 8:37 1/31 1/31 0.00 Bid 442.05 442.70 442.55 442.45 441.95 441.90 441.15 440.85 439.95 439.20 450.00 Ask 442.20 442.80 442.80 442.60 442.40 442.05 442.50 441.05 441.75 441.80 De 25 "Sulas Open Int 2473 102498 1851 46853 822 18309 617 16379 371 321 Volume 207 27478 15 3762 5 532 231 490 LAAA 1 Delayed Pricing Suggested Functions GP Chart securities & technical studies G Manage your charts in a central library c)