Tiêu đề Reading 73 Pricing and Valuation of Futures Contracts.pdf ✅

Question #1 of 6 Question ID: 1574478 Long futures contracts may be preferred to equivalent forward contracts without central clearing when interest rates are: A) negatively correlated with the price of the underlying. B) positively correlated with the price of the underlying. C) uncorrelated with the price of the underlying. Question #2 of 6 Question ID: 1574480 Bea Moran wants to establish a long derivatives position in a commodity she will need to acquire in six months. Moran observes that the six-month forward price is 45.20 and the six- month futures price is 45.10. This difference most likely suggests that for this commodity: A) long investors should prefer futures contracts to forward contracts. B) futures prices are negatively correlated with interest rates. C) there is an arbitrage opportunity among forward, futures, and spot prices. Question #3 of 6 Question ID: 1574475 For a futures contract, the adjustment for the change in settlement price from one day to the next will result in: A) no change in contract price but a change in contract value. B) a change in contract price but no change in contract value. C) changes in both the contract price and contract value. Question #4 of 6 Question ID: 1574477