标题: Derivitives reading 61 EOC Q 14 [打印本页]

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作者: smartpants    时间: 2013-4-7 00:20     标题: Derivitives reading 61 EOC Q 14

I choose B - Backwardation here but the answer was C - Normal Backwardation.
what is the distinction between the two?

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作者: amqata    时间: 2013-4-7 00:21

Hi Thecodont
Backwardation = futures price is lower than CURRENT spot price
Normal backwardation = futures price is lower than EXPECTED spot price
Cheers

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