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Consider a forward contract and a futures contract that have the same underlying asset, the same expiration date, and the same counterparty risk. If the

Consider a forward contract and a futures contract that have the same underlying asset, the same expiration date, and the same counterparty risk. If the correlation between the interest rate and the futures price is equal to +0.65, which statement is correct?

The investor who is short will always have a profit.

The forward price is higher than the futures price.

The forward price is equal to the futures price.

The forward price is lower than the futures price.

The cost of carry formula can be used to calculate the futures price.

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