Futures contracts are traded on several stock market indexes. The contracts may be mixed with Treasury bills

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Futures contracts are traded on several stock market indexes. The contracts may be mixed with Treasury bills to construct artificial equity positions, which makes them potentially valuable tools for market timers. Index contracts are used also by arbitrageurs who attempt to profit from violations of the spot-futures parity relationship. P-63

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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