A futures contract: a. Gives the buyer the right, but not the obligation, to buy an asset prior to expiration of the contract. b. Is a contract for a transaction at a specific date in the future by the buyer and the seller of the asset. c. Is an agreement to buy or sell a specified amount of an asset at a predetermined price on the expiration date of the contract. d. Is an agreement to buy or sell a specified amount of an asset at todays price on the expiration date of the contract.

A futures contract: a. Gives the buyer the right, but not the obligation, to buy an asset prior to expiration of the contract. b. Is a contract for a transaction at a specific date in the future by the buyer and the seller of the asset. C. Is an agreement to buy or sell a specified amount of an asset at a predetermined price on the expiration date of the contract. d. Is an agreement to buy or sell a specified amount of an asset at today's price on the expiration date of the contract