What happens to the basis through the contract's life?
a. it initially decreases, then increases
b. it initially increases, then decreases
c. it remains relatively steady
d. it moves toward zero
e. none of the above
Answer: D
What happens to the basis through the contract's life?
a. it initially decreases, then increases
b. it initially increases, then decreases
c. it remains relatively steady
d. it moves toward zero
e. none of the above
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