When does delivery occur on a 90-day forward contract? A) in 90 days
When does delivery occur on a 90-day forward contract?
A) in 90 days corresponding to two business days preceding the third Wednesday of the month
B) immediately but the contract is not closed for 90 more days
C) in 90 days corresponding to the calendar date of the spot value date
D) two business days following the spot value date
ANSWER
Answer: C
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