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Which of the following statements best describes the relationship between futures prices and spot prices at contract maturity? a. The future price would normally be
Which of the following statements best describes the relationship between futures prices and spot prices at contract maturity?
a. The future price would normally be lower than the spot price at contract maturity.
b. The future price is always higher than the spot price at contract maturity.
c. The futures price eventually converges with the spot price by the time of contract maturity.
d. Futures prices and spot prices have no relation to each other.
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