Unforseen

pfcfaataf Wrote:
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> Suppose the continuously compounded convenience
> yield is c, proportional to the value of the
> commodity. The commodity lender saves l - c by not
> physi- cally storing the commodity; hence, the
> commodity borrower pays d = c - l, compensating
> the lender for convenience yield less storage
> cost.
> V5 184
>
> A - B = convenience yield minus storage costs

Yeah my bad brah, I had it reverse

NO EXCUSES