FINANCE-You have gold colored goods: corn. Assume constant monthly storage costs
QUESTION
You have gold colored goods: corn. Assume constant monthly storage costs of C and no interest. Suppose prices now are L (low) and will be H>L (high) next month with probability p. Keep in mind that a fraction of your corn decays every month you store it ( So storing corn three months will get you either Delta raised to 3rd power(H), or Delta raised to 3rd power(L)) When is the best time to sell your corn?
ANSWER:
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.