$1)$ A forward contract is struck at a forward price of $$75.$ At maturity the spot price of the asset is $$68.$ The long forward position earns the following payoff:

$($a$)$ $$7$

$($b$)$ $$68$

$($c$)-$$$7$

$($d$)$ $$68$

$2)$ How many options does a noncallable, convertible bond contain?