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The advantage(s) of contingent claims over forward commitments is the contingent claims could be: (Note: choose ALL the correct answers that apply) Contingent claims have

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The advantage(s) of contingent claims over forward commitments is the contingent claims could be: (Note: choose ALL the correct answers that apply) Contingent claims have longer expiration date Contingent claims have no default risks Contingent claims allows gains while protect against losses, depending on different future underlying asset prices Contingent claims allow acquiring the underlying asset, but forward commitment does not allow acquisition of the underlying assets

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