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The spot price of 1 kg lead at the start of 25 Nov 2021 is 187.15 and the future of 1 kg lead for exercise
The spot price of 1 kg lead at the start of 25 Nov 2021 is 187.15 and the future of 1 kg lead for exercise date 31 Dec 21 is 184.55. Assume 3% risk free interest rate. Estimate the net convenience yield for 1 kg lead. Write it up to three decimal places, for example 12.345.
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