3. Following spot & futures prices were obtained from Investor's

Daily.Reported prices are in dollar per pound, extracted

from end-of-day settlement on September 18, 2018.Copper

contracts trade upon the New York Mercantile Exchange (NYMEX);

while spot prices are quoted from the Ecuador delivery market.

price basis time

spread

spot copper2.7140/lb.NANA

(average)

October????????+.0160(Sept.-Oct):see part

C below

December2.6420/lb.????????(O-D) ????????

February????????????????(D-F) +0.0990

Question is:On a separate sheet of paper, please complete the above

chart, using accepted definitions of basis and spread.

Support answers with simple calculations/explanations.