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The seller of a forward contract: a. has the option of either making delivery or accepting delivery. b. is obligated to make delivery and accept
The seller of a forward contract:
a. | has the option of either making delivery or accepting delivery. | |
b. | is obligated to make delivery and accept the forward price. | |
c. | is obligated to take delivery and pay the forward price. | |
d. | is obligated to take delivery and pays the lower of the spot market price or the contract price. | |
e. | has the option of making delivery and receiving the greater of the spot price or the contract price. |
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