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The current spot price of a barrel of oil is $60. The risk-free rate of interest is 5% per year continuously compounded and the storage

The current spot price of a barrel of oil is $60. The risk-free rate of interest is 5% per year continuously compounded and the storage cost of oil is 3% per year continuously compounded. Answer the following questions.A. Suppose the current forward price of a barrel of oil is $60 for a three month forward contract. What is the implied convenience yield of oil?

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