A strengthening of the basis means
a. the spot price rises more than the futures price
b. the futures price falls more than the spot price
c. a short hedger benefits
d. all of the above
e. none of the above
Answer: D
A strengthening of the basis means
a. the spot price rises more than the futures price
b. the futures price falls more than the spot price
c. a short hedger benefits
d. all of the above
e. none of the above
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