a futures contract has taken a position. A speculator that has sold; short purchased; short sold; long none of the above A foreign currency _option gives the holder the right to a foreign currency whereas a foreign currency the holder the right to an option. call, buy, put, sell call, sell, put, buy put, hold, call, release none of the above The spor rate on the French euro is Brazilian Real 3.1650/E and the 180 day forward rate is Brazilian Real 3.2000 76. Based on interest Rate Parity and the numbers above, the difference between the spot and forward rate implies that: interest rates are higher in Brazil than in France (European Union) has risen relative to the Brazilian real interest rates are higher in France (European Union) than in Brazil one should borrow money in Brazil and invest it in French Suppose a swap dealer, ABC Investment Bank, quotes S swap rates as follows: 3.50% - 3.55% annually against 6-month S LIBOR. This swap quote implies: ABC will pay annual fixed S-payments of 3.50% and receive 6-month LIBOR ABC will pay annual fixed S-payments of 3.55% and receive 6-month LIBOR ABC will receive annual fixed S-payments of 3.50% and pay 6-month LIBOR none of the above Prices of currency option prices depend on all but one of the following: foreign interest rate b. home interest rate daily marked to market d. time to maturity exercise or strike price