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Which of the following derivatives has the greatest default risk for the two parties to the contract? a) Interest rate forward contract between an investment

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Which of the following derivatives has the greatest default risk for the two parties to the contract? a) Interest rate forward contract between an investment dealer and a corporate hedger b) Futures contract between an individual investor and an institutional investor c) Exchange-traded index option contract between an institutional investor and a corporate hedger d) Exchange-traded equity option contract between an individual investor and a market maker

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