Question: Although normal backwardation, contango, and the net hedging hypothesis allow the existence of a risk premium to compensate for the uncertainty in the future spot

"Although normal backwardation, contango, and the net hedging hypothesis allow the existence of a risk premium to compensate for the uncertainty in the future spot price, ST, it is based on the notion of total variability (variance or standard deviation) of ST instead of the systematic risk, beta."

true or false

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