【每日一练】CFA 一级（2015年）

Question：

A high convenience yield is most likely associated with holding: 
A. commodities. 
B. bonds. 
C. equities. 

Answer = A 
A high convenience yield is primarily associated with commodities and generally exists as a result of  difficulty in shorting the commodity or unusually tight supplies. 

CFA Level I 
"Basics of Derivative Pricing and Valuation," Don M. Chance 
Section 2.2.5

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