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Suppose that oil forward prices for 1 year, 2 years, and 3 years are $62, $74, and $80 per barrel. The 1-year effective annual interest
Suppose that oil forward prices for 1 year, 2 years, and 3 years are $62, $74, and $80 per barrel. The 1-year effective annual interest rate is 3.4%, the 2-year interest rate is 3.0%, and the 3-year i...
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