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13. As a contract approaches maturity, the spot price and forward price a. Increase. b. Diverge. c. Maintain a fixed price differential. d. Converge 14.

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13. As a contract approaches maturity, the spot price and forward price a. Increase. b. Diverge. c. Maintain a fixed price differential. d. Converge 14. The Black-Scholes OPM valuation model is a a. Discrete model b. Continuous model c. Futures model d. Stock model e. None of the above

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