The Pricing of Commodity Futures Contracts, Nominal Bonds and Other Risky Assets under Commodity Price Uncertainty外文翻译.pdfVIP

THE JOURNAL OF FINANCE • VOL. XXXIV, NO. 1 • MARCH 1979 The Pricing of Commodity Futures Contracts, Nominal Bonds and Other Risky Assets under Commodity Price Uncertainty FREDERICK L. A. GRAUER and ROBERT H. LITZENBERGER* I. Introduction IF FUTURE SPOT PRICES of commodities are uncertain, then commodity futures contracts and nominal bonds are, in general, risky assets. The major debates m economic literature associated with these assets