The relationship between the spot price and the forward price for an asset (non-dividend paying asset) is through an interest rate. What is essentially the reason for this?

Group of answer choices

There is no explanation for this.

A forward contract is really a risk-free security.

A forward contract is in substance, really a loan from the personal selling the asset forward to the person buying the asset forward.

A forward contract is in substance, really a loan from the personal buying the asset forward to the person selling the asset forward.