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5 points Save Question 22 Assume that there are only 3 possible outcomes for the spot price of a commodity which underlies a futures contract

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5 points Save Question 22 Assume that there are only 3 possible outcomes for the spot price of a commodity which underlies a futures contract at the maturity of that futures contract. As seen today, these prices (i.e. those at the maturity of the futures contract) are 90, 100 or 110 & each may occur with probability 1/3, 1/3 & 1/3. Further, assume that futures market prices are set in accordance with the theory of normal contango. Which of the following is a potential price that could "clear the market?" 1050 1000 Question Completion Status: TUTTIE UTATUETE ATE unny pusTUIE VULCES TO THE >pur price or CUTTITIVO contract at the maturity of that futures contract. As seen today, these prices (ie futures contract) are 90, 100 or 110 & each may occur with probability 1/3, 1/3 & Further, assume that futures market prices are set in accordance with the theor Which of the following is a potential price that could "clear the market?" 1050 1000 950 900

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