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Which one of the following descriptions is not true? A. Spot price could be considered as the price for immediate delivery. B. The forward price

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Which one of the following descriptions is not true? A. Spot price could be considered as the price for immediate delivery. B. The forward price equals to the spot price at the breakeven point C. A long forward contract becomes more valuable as the price of the asset declines: D. There is no cash flow at the initiation date of a forward contract

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