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For a futures contract on an asset with no storage costs, convenience yield, or other expected cash flows over the term of the contract, there should be a: A. positive correlation between the futures price and both interest rates and the spot price. B. negative correlation between the futures price and interest rates and a positive correlation between the futures price and the spot price. C. positive correlation between the futures price and interest rates and a negative correlation between the futures price and the spot price. |