What is convenience yield on copper

Reference no: EM131962663

Question: Copper spot price is $3.50 a pound. The cost of carry for copper is 3.2% and the current risk-free rate is 2.2%, both rates are per annum with continuous compound for 6-months. The future price is $3.55 for delivery in 6-months. What is convenience yield on copper?

Reference no: EM131962663

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