Question: Under the Normal Backwardation hypothesis what is the inequality between futures prices and spot prices? Who is willing to pay a risk premium under Normal

Under the Normal Backwardation hypothesis what is the inequality between futures prices and spot prices? Who is willing to pay a risk premium under Normal Backwardation?

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Under the Normal Backwardation hypothesis what is the inequality between futures prices and spot prices? Who is willing to pay a risk premium under Normal Backwardation?

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