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Which of the following statements is (are) TRUE regarding forward contracts? I. Forward contracts can be tailored to meet the hedging needs of the buyer

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Which of the following statements is (are) TRUE regarding forward contracts? I. Forward contracts can be tailored to meet the hedging needs of the buyer and sellers. II. Forward contracts give the seller the choices to exercise or abandon the contract on the expiration date. Neither I nor II II Only I only Both I and

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