Differentiate between the expectations hypothesis normal, Financial Management

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Differentiate between the expectations hypothesis normal

1. Differentiate between the expectations hypothesis, normal backwardization, contango and modern portfolio theory. What does each predict about the price path of a futures contract as it approaches maturity?

2. Why might a speculator benefit more by trading futures than the underlying stock?

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Financial Management: Differentiate between the expectations hypothesis normal

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Financial Management: Differentiate between the expectations hypothesis normal

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