Consider a commodity with constant volatility and an expected growth rate that is a function solely
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Consider a commodity with constant volatility σ and an expected growth rate that is a function solely of time. Show that, in the traditional risk-neutral world, 
where ST is the value of the commodity at time T, F(t) is the futures price at time 0 for a contract maturing at time t, and φ(m, v) is a normal distribution with mean and variance v.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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