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Which one of the following statements is correct? Futures contracts can be closed out only by contract buyers. Futures contracts can be closed out by

Which one of the following statements is correct?

Futures contracts can be closed out only by contract buyers.
Futures contracts can be closed out by entering a reverse trade.
Futures contracts can be closed out, but only during the week prior to maturity.
You cannot avoid accepting delivery once you purchase a futures contract.
Futures contracts must be held to maturity.

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