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As inventories of a commodity decline, which of the following is true? Any of the other situations can occur The one-year futures price as a

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As inventories of a commodity decline, which of the following is true? Any of the other situations can occur The one-year futures price as a percentage of the spot price increases The one-year futures price as a percentage of the spot price decreases The one-year futures price as a percentage of the spot price stays the same The cost of carry for that commodity must decline

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