The spot price on orange juice is $132.50 for 15,000 pounds. The futures price is $133.10. The basis is ________ and the market is a(n) ________ market.
A) -0.6; carrying-charge
B) -0.6; inverted
C) 0.6; carrying-charge
D) 0.6; inverted
E) 0.6; parity
Correct Answer:
Verified
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