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5. As discussed in Class #2, examples of Future Exchanges include: I) Eurex Exchange; II) Chicago Mercantile Exchange (CME); III) Korea Exchange; IV) Chicago Board

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5. As discussed in Class #2, examples of Future Exchanges include: I) Eurex Exchange; II) Chicago Mercantile Exchange (CME); III) Korea Exchange; IV) Chicago Board Options Exchange (CBOE); (hint: review Class #2 presentation, p. 16) a. 1 only b. I, II, III, and IV c. III and IV only d. II only 6. Futures contract is an agreement to buy or sell the underlying asset for what price? a. Spot Price b. Futures or Delivery Price c. Unknown Price d. None of the above 7. Forward contract is an agreement to buy or sell the underlying asset for what price? a. Unknown Price b. Spot Price c. Forward or Delivery Price d. None of the above 8. For a given Forward contract, the Delivery Date (T) is determined: a. At the beginning of the Forward contract (now) b. One week after the Forward contract begins (later) c. One month after the Forward contract begins (later) d. One year after the Forward contract begins (later)

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