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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 am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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.