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C is not correct The fair Price of the FTSE 100 Index futures is: Pf=PS(1+(rd)T) Where r is the rate of borrowing, d is the

C is not correct

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The fair Price of the FTSE 100 Index futures is: Pf=PS(1+(rd)T) Where r is the rate of borrowing, d is the dividend rate. Which of these statements are True? I. T is the time to expiry in days. II. The basis will be in backwardation if the dividend Rate exceeds the interest rate. A. I. only. B. II. only C. I. \& II. D. None

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