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Which of the following statements regarding early termination of a forward contract is most accurate? Early termination through an offsetting transaction with the original counterparty

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Which of the following statements regarding early termination of a forward contract is most accurate? Early termination through an offsetting transaction with the original counterparty eliminates default risk. A party who terminates a forward contract early must make a cash payment. A party who enters into an offsetting contract to terminate has no risk

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