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    Exam 19: Derivatives, contingencies, business Segments, and Interim Reports
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    A Contract Giving the Owner the Right,but Not the Obligation,to
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A Contract Giving the Owner the Right,but Not the Obligation,to

Question 1

Question 1

Multiple Choice

A contract giving the owner the right,but not the obligation,to buy or sell an asset at a specified price any time during a specified period in the future is referred to as a(n)


A) interest rate swap.
B) option.
C) futures contract.
D) forward contract.

Correct Answer:

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