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Explain what links the spot and futures financial prices (hint: look at the formula)? Explain what links the spot and futures commodity prices (hint: look

Explain what links the spot and futures financial prices (hint: look at the formula)? Explain what links the spot and futures commodity prices (hint: look at the formula)? What is contango? What is backwardation? Why is the margin account needed in futures contracts? What is a basis in futures contracts and why is it important?

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