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which of the following statements is/are true? I. futures contain an obligation to buy/sell the underlying asset as settlement II. futures are always used for

which of the following statements is/are true?

I. futures contain an obligation to buy/sell the underlying asset as settlement

II. futures are always used for speculating

III. futures can be left to expire worthless as a settlement

a. I, II, & III

b. I only

c. ll & lll

d. I & II

e. II only

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