QUESTION 19 One advantage of participating in the futures market instead of the forward market is that futures contracts can be tailor made in terms of contract size and maturity date) to the specific needs of each party. True O False QUESTION 20 DEF Corp. (US firm) will pay 900,000 Canadian dollars (CS) to its suppliers in 120 days. DEF plans to use the forward market to mitigate exchange rate risk. A 120 day forward contract on 900,000 Canadian dollars carries a forward rate of $.85/C$. The spot price the day the forward contract was entered into was $1.05/CS and the spot rate at expiration was 5.95/C$ Find DEF's profit/loss (in USD) on their forward contract. O 90,000 O -90,000 O 180,000 0-180,000 O None of the above