QUESTION 13 A futures contract price is adjusted daily during the term of the contract, depending on current market conditions. This adjustment is called: a. SEC requirements for futures contracts. b. Mark-to-market. c. The "cheapest to deliver" option on a futures contract. d. Initial margin requirements changing on a daily basis. QUESTION 14 Beau entered into a "forward contract" to buy 100 shares of ABC stock at a price of $8 per share in exactly 9 months. Now, the nine-month period has expired. ABC stock is trading at $11 per share. What are the economic consequences for Beau? a. He has lost $800. b. He has gained $1,100. c. He has lost $300, d. He has gained $300