Someone good expert answer pelase with 100% surity True false..and tell why it is false or true.
1. The basis in a futures position will be zero at contract maturity.
2. If I have short position in a futures contract, I expect the underlying asset price to.
3. There is no up-front cost in establishing a futures position except margin and brokerage fees.
4. In an over the counter contract (OTC), we actually trade with a clearinghouse.
5. A correctly priced futures contract will have no arbitrage profits.