A business plans to acquire a forward contract to hedge a monetary liability. Which of the following statements about the forward contract is true? Question 23 options: If the contract is acquired at a premium, a gain results, and if the contract is acquired at a discount, a loss results. Since the contract is to hedge a monetary liability, a gain results, regardless of whether the contract is acquired at a premium or a discount. Since the contract is to hedge a monetary liability, a loss results, regardless of whether the contract is acquired at a premium or a discount. If the contract is acquired at a premium, a loss results, and if the contract is acquired at a discount, a gain results.