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If you believe the basis for a futures contract is wider than warranted by current market conditions, you may simultaneously enter into a long futures

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"If you believe the basis for a futures contract is wider than warranted by current market conditions, you may simultaneously enter into a long futures and a short spot position. You will profit if the basis subsequently narrows, meaning that the futures price goes up and/or the spot price goes down" True or false? Select one: a. True b. False

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