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5 . The Theory of Normal Backwardation states which of the following? A ) The futures price and the spot price must become equal at
The Theory of Normal Backwardation states which of the following?
A The futures price and the spot price must become equal at the maturity date.
B The futures basis is negative.
C In an arbitragefree market, riskless rates of interest in different countries should be equal.
D None of the above.
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