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Question 15 (4 points) Which of the following is NOT true? With a prepaid forward contract on a stock, you pay today and receive the
Question 15 (4 points) Which of the following is NOT true? With a prepaid forward contract on a stock, you pay today and receive the share later. The maximum gain from a long forward contract is the forward price. The maximum loss from a short forward contract is infinitely large, that is unlimited the maximum gain is the forward price! O A forward contract is a binding agreement (obligation) to buy/sell an underlying asset in the future, at a price set today Question 16 (4 points) What is the cost of 50 shares of Apple, Inc. stock given that the bid-ask prices are $109.48 - $109.55 and a $20.00 commission per transaction exists? $5,494.00 $5,453.00 $5,497.50 O $5,457.50
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