- CFA Exams
- CFA Level I Exam
- Topic 8. Alternative Investments
- Learning Module 5. Natural Resources
- Subject 2. Risk and Returns of Natural Resources
CFA Practice Question
Which statement is FALSE regarding contango? A. It generally lowers the return of the long-only investor.
B. The commodity forward curve is upward sloping.
C. It occurs when the convenience yield is high.
Correct Answer: C
C: The opposite is true.
User Contributed Comments 0
You need to log in first to add your comment.