The spot price of a stock with a cost of carry of 1% s (<, >, or =) to The futures price of a stock with a cost of carry of 1%?
The leverage of a stock option s (<, >, or =) to The leverage of a stock?
The probability of a high aggregate default rate if defaults are independent is (<, >, or =) to The probability of a high aggregate default rate if defaults are correlated defaults are independent?