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Options
-
Un-expired illiquid contracts
Correct answer
- B
Expired liquid contracts
- C
Part-expired liquid contracts
- D
Part-expired illiquid contracts
Why this is the answer
For un-expired illiquid futures contracts, the theoretical price (used for daily settlement) is computed using the formula F = S × e^rt, where S is the spot price, r is the risk-free rate, and t is time to maturity.
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