Business, 03.11.2020 16:30 russianspartan1

The current December 2020 copper futures contract has a futures price of 3.0620 per pound. The current December 2021 copper futures contract has a futures price of 3.0895 per pound. T-Bill rate is 0.13% per year. Storage costs about $.05 per pound per year. What is the implied convenience value from December 2020 to December 2021?

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The current December 2020 copper futures contract has a futures price of 3.0620 per pound. The curre...

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