题目
Which of the following commodities is most likely to imply a forward curve in backwardation?
选项
A.low risk-free rate, low lease rate, low storage cost, low convenience yield
B.high risk-free rate, low lease rate, high storage cost, low convenience yield
C.low risk-free rate, high lease rate, low storage cost, high convenience yield
D.high risk-free rate, high lease rate, high storage cost, high convenience yield
答案
C
解析
It's convenient to assume that compound continuously 使用连续复利的假定去分析持有成本模型是比较方便的，可直接判断各个利率的大小关系。