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Calculate convenience yield for magnoosium scrap from the following information: • Spot price:… 1 answer below » Calculate convenience yield for magnoosium scrap from the following information: • Spot price: $2,680 per ton. • Futures price: $2,538 for a one-year contract. • Interest rate: 11%. • Storage costs: $230 per year. Aug 19 2015 12:07 PM