Question
The spot price of a commodity is $15.00. Given that the annual financing rate is 3%, the annual spoilage rate is 2%, the storage cost
The spot price of a commodity is $15.00. Given that the annual financing rate is 3%, the annual spoilage rate is 2%, the storage cost per month is $0.03, and the convenience yield is 5% per year. What is the six-month futures price?
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Commodity Trading Mistakes
Authors: Andrew Abraham
1st Edition
1492389366, 978-1492389361
