Question: show work 4. Using the information below, what is the basis for the September Gold Futures Contract? The spot price on August 18th was $2,014.10

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4. Using the information below, what is the basis for the September Gold Futures Contract? The spot price on August 18th was $2,014.10 per troy ounce. Contract Month September October Futures Price August 18th $2,001.90 $2,004.80

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