Raspberry Ltd stock is trading at $36 per share. A put option on Raspberry stock with an exercise price of $33 is available for $2.10. The exercise value of the option is $ , while the time value is $ 0 $0.90 / $ 2.10 $3 / $0.90 $0.90 / $3 2$0 / $2.10 1. Which one of the following statements contrasting options, forwards, and futures is correct? c) Gains and losses on a forward contract are realized daily while gains and losses on a futures contract are realized only on the settlement date. The buyer of a forward contract pays a premium when the contract is negotiated; the buyer of an options contract does not. B) D) A) Both forward and futures contracts are exercised only if the buyer so chooses. Both parties are obligated under a futures contract while only one party is obligated under an options contract