SHORT THE SPOT COPPER CONTRACT. THIS GENERATES 316 CENTS/LB NOW. TH...

2. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2008
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2008
2. Short the spot copper contract. This generates 316 cents/lb now. The short position must be covered in three months, at the maturity of the forward contract. Given a lease rate of 6% and a contract maturity of 3 months, a lease payment of