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To arbitrage in a backwardation market, take a long position in the futures contract maturing earlier and a short position in the futures contract maturing

To arbitrage in a backwardation market, take a long position in the futures contract maturing earlier and a short position in the futures contract maturing later. Take delivery of the contract maturing earlier, store and make the delivery for the contract maturing later. (1 mark) 10 True False
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