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Explain why there is or isn't nonrefundable cash payment upfront in (a) an option and (b) a futures contract. Explain why there is or isn't

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Explain why there is or isn't nonrefundable cash payment upfront in (a) an option and (b) a futures contract. Explain why there is or isn't nonrefundable cash payment upfront in (a) an option and (b) a futures contract

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