CCF-One Hundred Cubic Feet(Roman Numeral C=100).A cubic foot is 1 foot x 1 foot x 1 foot.

MBF-One thousand Board Feet(Roman Numeral M=1,000). A Board Foot is 1 foot x 1 foot x 1 inch.

1 MBF= 2CCF.

An asset management firm that owns timber property as part of their investment portfolio has agreed to sell 10,000 CCF of Maple in 10 years to a furniture manufacturer for a price of $625.00 MBF.

Which of following questions are accurate? (choose all correct answers).

a-The asset manager will be paid $3,125,000 USD in ten years

b-The asset manager is short a forward contract

c-The asset manager is long a forward contract

d-The furniture maker is under no obligation to purchase the timber in 10 years.