An individual buyer of soybean oil may commit to a transaction six months from now. This is typically called: Select one or more: a. Forward contract b. Buy/Sell contract c. Listed contract d. Source contract Which of the following is not generally considered a benefit of hedging? Select one or more a. It can stabilize profits b. It reduces one or more aspects of business risk c. The costs of hedging are paid by the speculators. d. It allows prices to be locked in advance Which of the following transactions would be the LEAST liquid? Select one or more: a. buying or selling US Government securities O b. buying or selling S&P 500 stock index futures c. Buying or selling a house d. buying or selling US dollar What happens to the price of a futures contract as expiration draws closer? Select one or more: a. There is no relationship between futures price and spot price as the contract approaches expiration. b. It exceeds the spot price of the asset. c. It approaches the spot price of the asset d. It is exceeded by the spot price of the asset