a. A long position in a futures contract gives trader the right, not the obligation to purchase the underlying asset or commodity at a specified price on a specified date.

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b. An investor believes that share A is currently underpriced but price will bounce back soon. The investor wants to buy 200 shares immediately. A limit buy order of 200 shares should be placed as it will be filled at the best available market price.

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c. The real rate of return is higher than the nominal return when the inflation rate is positive.

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