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dolphi86 [110]
4 years ago
9

Convergence property implies that on the delivery day,

Business
1 answer:
damaskus [11]4 years ago
6 0

Answer:

C.

Explanation:

Convergence property strictly implies that on the delivery day the observed futures price equals the observed spot price. In the markets these two prices must converge, If this does not happen, then this creates an arbitrage opportunity which ultimately brings with it the possibility for a risk-free profit, which is the act of buying an asset and immediately selling the same asset for a higher price.

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Explanation:

given data

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to find out

current cost of your special wedding

solution

we find here Current cost of your special wedding that is express as

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