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Distant month futures contracts usually trade at lower prices than nearby contracts is because of _______. negative cost of carry positive cost of carry low
Distant month futures contracts usually trade at lower prices than nearby contracts is because of _______.
| negative cost of carry |
| positive cost of carry |
| low demand for future contracts expiring in the distant future |
| higher uncertainty about interest rates in the distant future |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
