• 2022-06-07
    As the convenience yield increases, which of the following is true?
    A: The one-year futures price as a percentage of the spot price increases
    B: The one-year futures price as a percentage of the spot price decreases
    C: The one-year futures price as a percentage of the spot price stays the same
    D: Any of the above can happen
    E: None of the above
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