Spot price of crude oil-what was the net convenience yield

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Reference no: EM131050317

In January 201x, the spot price of crude oil was $45.65 a barrel and the one year futures price was $56.38 per barrel. The interest rate was about 0.15 percent. What was the net convenience yield? Interpret/explain that result. EXPLAIN IN DETAIL PLEASE

Reference no: EM131050317

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