Suppose that the theoretical forward price on a 6-month commodity contract is Soert = $50, while the observed forward price is $46.5. The current spot price is $49. Which of the following statements is false based on the above information? The price difference can be attributed to about 14.5% convenience yield. The implied repo rate is about 4%. This is consistent with the fact that the commodity cannot be sold in the futures market. This is consistent with the fact that commodity belongs to price discovery market