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15) Which of the following can explain a backwardation? a. the interest rate exceeds the dividend yield. b. the cost of carry is negative. c.
15) Which of the following can explain a backwardation? a. the interest rate exceeds the dividend yield. b. the cost of carry is negative. c. futures prices exceed forward prices. d. the market is at full carry. e. none of the above
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
