Sportsman

jgrandits Wrote:
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> You would hope that's enough. But that stmt is
> from a CFA question.

I spotted that myself also. To be honest I'm confident that something like that will not appear on the exam itself. By understanding the concept I know that backwardation is a futures less than spot, and has positive roll yield. So if a question comes up about this area I'm not going to second guess myself.