NO.PZ2023091802000060
问题如下：
In commodity markets, the complex relationships between spot and forward prices are embodied in the commodity price curve. Which of the following statements is true?
选项：
A.In a backwardation market, the discount in forward prices relative to the spot price represents a positive yield for the commodity supplier.
B.In a backwardation market, the discount in forward prices relative to the spot price represents a positive yield for the commodity consumer.
C.In a contango market, the discount in forward prices relative to the spot price represents a positive yield for the commodity supplier.
D.In a contango market, the discount in forward prices relative to the spot price represents a positive yield for the commodity consumer.
解释：
When forward prices are as a discount to spot prices, a
backwardation market is said to exist. The relatively high spot price
represents a convenience yield to the consumer that holds the commodity for immediate consumption.
请问能讲解一下题目吗？
