Question
The commodity futures price is easier to predict from spot price when a. convenience yield is volatile b. convenience yield is determined mainly by the
The commodity futures price is easier to predict from spot price when
a. convenience yield is volatile
b. convenience yield is determined mainly by the consumption benefit (as in the case of electricity)
c. convenience yield is determined mainly by storage cost, and the storage cost is stable (market at full carry)
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
