Consider Table 11.1. Concerning the Tuesday quotations: compared to the cost of buying 100 pounds on the spot market, if 100 pounds were bought for future delivery, then in 180 days the dollar cost of the pounds would be
a. $3.40 higher.
b. $3.40 lower.
c. $6.80 higher.
d. $6.80 lower.
b. $3.40 lower.
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