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Which one of the statements below is TRUE regarding the features of currency forward and currency futures contracts? I. A company can negotiate the delivery
Which one of the statements below is TRUE regarding the features of currency forward and currency futures contracts? I. A company can negotiate the delivery date on a forward contract to make the currency be delivered on the date it desires. II. In forward markets, losses and profits are recognized on a daily basis. III. Counter-party risk is limited in futures contract because of the margin requirement and marking-to-market practice. N. Forward contracts are over-the-counter contracts that can be customized based on the hedger's need. a. I, II, and III b. III, III, and IV c. I, II, and N d. I, III, and IV e. I, II, III, and IV
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