The price of a futures contract is the spot price of an underlying asset, adjusted for interest, time, and paid out dividends. The variance between the spot price and futures price forms the ‘basis of spread.’ The spread is the maximum at the beginning of the series but converges towards the settlement date. The spot price and futures prices of an underlying are ideally equal at the ... https://topcollegesadmission.in/college-list/mbapgdm/indore