A One-Year Forward Contract Is an Agreement Where

Multiple Choice

A one-year forward contract is an agreement where

A) One side has the right to buy an asset for a certain price in one year's time.
B) One side has the obligation to buy an asset for a certain price in one year's time.
C) One side has the obligation to buy an asset for a certain price at some time during the next year.
D) One side has the obligation to buy an asset for the market price in one year's time.