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5 1 pts Spot and futures prices converge as the maturity/delivery date approaches because O price discrepancies would open arbitrage opportunities for investors who identify
5 1 pts Spot and futures prices converge as the maturity/delivery date approaches because O price discrepancies would open arbitrage opportunities for investors who identify them. the profits from long positions and short positions must ultimately be equal. O the futures price plus the spot price of any asset must ultimately net to zero. O the profits from long positions and short positions must ultimately net to zero
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