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Which of the following is true: Commodity futures price: a. Is related to spot price through borrowing cost and convenience yield b. Increases relative to

Which of the following is true:

Commodity futures price:

a. Is related to spot price through borrowing cost and convenience yield
b. Increases relative to spot price if storage cost decreases
c. Converges to basis at maturity
d. Increases relative to spot price if the borrowing cost decreases

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