An Expiration Date Payoff and Profit Diagram for Forward Positions

Multiple Choice

An expiration date payoff and profit diagram for forward positions illustrates

A) gains and losses are usually small.
B) the payoffs to both long and short positions in the forward contract are asymmetrical around the contract price.
C) forward contracts are zero-sum games.
D) long positions benefit from falling prices.
E) short positions benefit from rising prices.