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Which of the following statement is/are true? i. The forward price is the expected future spot price. For example, if the price of a non-dividend
Which of the following statement is/are true? i. The forward price is the expected future spot price. For example, if the price of a non-dividend paying stock is expected to be $100 after 1 year, then the 1-year forward price of the stock is $100. ii. Other things remaining the same, the greater the convenience yield of a commodity, the greater is its forward price. O a. i only O b. ill only O c. Both statements O d. Neither statement
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