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The spot price (current cash price) of corn is $5.85 a bushel. The 3-month futures price of corn is $5.70. Which one of the following
The spot price (current cash price) of corn is $5.85 a bushel. The 3-month futures price of corn is $5.70. Which one of the following best describes this market?
| A) buyer's market |
| B) contango |
| C) backwardation |
| D) carrying-charge market |
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Advanced Bond Portfolio Management
Authors: Frank J. Fabozzi, Lionel Martellini, Philippe Priaulet
1st Edition
0471678902, 9780471678908
