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n the futures market, on settlement date O the spot price will equal the futures price. O the spot price will be greater than the

n the futures market, on settlement date O the spot price will equal the futures price. O the spot price will be greater than the futures price by an amount equal to the current interest rate times the futures price. the futures price will be greater than the spot price by an amount equal to the current interest rate times the spot price. there is no necessary relation between the spot price and the futures price

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