2. Which of the following best describes the value of the forward contract at expiration? The value...

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2. Which of the following best describes the value of the forward contract at expiration?

The value is the price of the underlying:

A. minus the forward price.

B. divided by the forward price.

C. minus the compounded forward price.

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Derivatives

ISBN: 9781119850571

1st Edition

Authors: CFA Institute

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