For a forward contract on a stock market index, which of the following statements are TRUE? (Assume that else in each statement remain fixed.) 1. II. III. If interest rate rises, the forward price will drop. If the time to maturity increases, the forward price will rise. If the underlying stocks increase the level of dividend payments over the life of the contract, the forward price will drop. If the level of the stock market index drops, the forward price will drop. IV. A) All but B) All but 11 C) All but III D) All but IV E) All