What is a convenience yield for a commodity and why is it important to include in the

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What is a convenience yield for a commodity and why is it important to include in the cost- of- carry model? Give an example of a commodity that has a convenience yield.

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An Introduction to Derivative Securities Financial Markets and Risk Management

ISBN: 978-0393913071

1st edition

Authors: Robert A. Jarrow, Arkadev Chatterjee

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Question Posted: Dec 02, 2015 03:18 AM

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What is a convenience yield for a commodity and why is it important to include in the

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Consider a commodity that is primarily used for consumption or product...View the full answer

An Introduction to Derivative Securities Financial Markets and Risk Management

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