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When setting up a 6 0 - day forward contract and the spot value date is the last day of February, when is the delivery
When setting up a day forward contract and the spot value date is the last day of February, when is the delivery date for the currency?
Delivery occurs on the first business day in April
Delivery is days plus days for the currency to be exchanged
None of the these answers are correct
Delivery is just days out from the spot value date
Delivery becomes the last business day in April
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