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suppose the futures price is below the price predicted by irp. what steps would a speculator take to attempt to profit? group of answer choices go long in the futures contract. go short in the futures contract. go short in the spot market. go long in the spot market.

Respuesta :

Go short in the spot market, go long in the futures contract.

What do you mean by a contract?

A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are:

  • mutual assent
  • expressed by a valid offer and acceptance
  • adequate consideration
  • capacity
  • legality

A contract can also be a legally binding agreement between two or more parties who agree to buy or sell goods and services from one another.

What is contract and types?

There are many different types of contracts.

  • Lump Sum or Fixed Price Contract Type.
  • Cost Plus Contracts.
  • Time and Material Contracts When Scope is Not Clear.
  • Unit Pricing Contracts.
  • Bilateral Contract.
  • Unilateral Contract.
  • Implied Contracts.
  • Express Contracts.

To learn more about contracts from the given link

https://brainly.com/question/984979

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