4.15 One of the differences between a futures and a forward contract is that forward is settled on the delivery day and futures is marked to market daily. (True / False) 4.16 Commodity futures price a. Is related to spot price by cost-of-carry, borrowing cost, and convenience yield b. Increases if cost of carry decreases c. Converges to basis at maturity d. All of the above 4.17 A speculator who has a to in the future. position in wheat futures wants the futures price of wheat a. long; increase b. long; decrease c. short; increase d. long; stay the same e. short; stay the same 4.18 For commodity futures, when convenience yield is smaller than the carrying cost, F>S (contango). (True / False)