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Which of the following is true?
The convenience yield measuresthe average return earned by holding futures contracts.
The convenience yield measures
the average return earned by holding futures contracts.
The convenience yield is always positive for aninvestment asset.
The convenience yield is always positive for an
investment asset.
The convenience yield is always positive orzero.
The convenience yield is always positive or
zero.
The convenience yield is alwaysnegative for a consumption asset.
The convenience yield is always
negative for a consumption asset.
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