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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 used your notes and passed ... highly recommended!
Lauren
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.