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Basic Question 2 of 2
If the futures market is in backwardation, there is likely a ______ calendar spread.
B. zero
C. positive
A. negative
B. zero
C. positive
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
analyze the relationship between spot prices and expected future prices in markets in contango and markets in backwardation;
CFA® 2025 Level II Curriculum, Volume 5, Module 33.