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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

5. 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 arbitrage-free market, riskless rates of interest in different countries should be equal.
D) None of the above.

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