Question $5$

Are the following statements true or false?

a$)$ The higher the price of the underlying at maturity the higher the payoff of a long forward contract.

b$)$ The lower the price of the underlying at maturity the higher the payoff of a short forward contract.

c$)$ When you initially enter a forward contract, its value is equal to zero.

d$)$ The largest futures market in the CME is the futures market for interest rates.

e$)$ A long call is the right to buy an asset at the exercise price of the call.

f$)$ A short call is the obligation to sell an asset at the exercise price of the call.

g$)$ A long put is the right to sell an asset at the exercise price of the put.

h$)$ A short put is the obligation to sell an asset at the exercise price of the put