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Which of the following statements best describes the convergence property we discussed in class? All the other statements are false. Futures prices must equal the
Which of the following statements best describes the convergence property we discussed in class? All the other statements are false. Futures prices must equal the spot price on the maturity date, or else there is an arbitrage opportunity. Futures prices sometimes (but not always) equals the spot price at maturity, regardless of whether there is an arbitrage opportunity Futures prices never equal the spot price at maturity, or else there is an arbitrage opportunity
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