Assume that the price of a futures contract is higher than the price of the underlying security during the delivery period. Arbitrageurs would
A) buy the futures, simultaneously sell the underlying asset, and pocket the price difference.
B) sell the futures, simultaneously buy the underlying asset, and pocket the price difference.
C) sell the futures, simultaneously sell the underlying asset, and pocket the price difference.
D) buy the futures, simultaneously buy the underlying asset, and pocket the price difference.
B
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M1 does not include
A) MMMFs. B) travelers' checks. C) currency. D) transaction accounts.
A believer in the need for a CGRR of the money supply policy must be ________ about the ability of the private economy to self-stabilize and ________ about the accuracy of discretionary stabilization policy
A) optimistic, optimistic B) optimistic, pessimistic C) pessimistic, optimistic D) pessimistic, pessimistic