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Basic Question 7 of 7
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.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe features of commodities and their investment characteristics
analyze sources of risk, return, and diversification among natural resource investments
CFA® 2025 Level I Curriculum, Volume 5, Module 5.