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The Forlorn Trading Company has today (August 20, 2024) sold one bank bill futures contract with a March 2025 expiry. This means: A. Forlorn has

The Forlorn Trading Company has today (August 20, 2024) sold one bank bill futures contract with a March 2025 expiry. This means:

A.

Forlorn has a contractual obligation to sell a bank bill to the counter-party in March 2025 at a price determined today.
B.

Forlorn has a contractual obligation to buy a bank bill from the counter-party in March 2025 at the bank bill price that prevails in March 2025.
C.

Forlorn has a contractual obligation to sell a bank bill to the counter-party in March 2025 at the bank bill price that prevails in March 2025.
D.

Forlorn has a contractual obligation to buy a bank bill from the counter-party in March 2025 at a price determined today.
E.

Forlorn will benefit from a fall in the bank bill yield between today and March 2025.

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