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A Calendar Spread Futures Position Comprises

Question 3

Multiple Choice

A calendar spread futures position comprises


A) A long position in a futures contract of one maturity and a short position in another futures contract of a different maturity.
B) A contract on the difference between two different-maturity futures prices.
C) A portfolio of long futures contracts of different maturities.
D) A portfolio of futures contracts spanning more than one year.

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