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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 was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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.