Which One of These Statements Related to Forward Contracts Is

Multiple Choice

Which one of these statements related to forward contracts is correct?

A) The buyer of a forward contract on corn benefits if the price of corn increases during the contract period.
B) The buyer of a forward contract has the right, but not the obligation, to execute the contract any time up to and including the settlement date.
C) Forward contracts cannot be sold but must be executed by the original parties to the contract.
D) Forward contracts recognize profits and losses on a daily basis.
E) The price at which a forward contract closes is set equal to the closing spot price on the settlement date.