Consider the 3 months futures in the heating oil market if the cost of carry for the
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Consider the 3 months futures in the heating oil market if the cost of carry for the futures is 3% and the convenience yield is 2%, is the heating oil market in contango or backwardation?
All rates are per annum with continuously compounding?
Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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