Question: A private transaction in which one party agrees to make a single fixed payment in the future and another party agrees to make a single

 A private transaction in which one party agrees to make a

A private transaction in which one party agrees to make a single fixed payment in the future and another party agrees to make a single floating payment in the future is BEST characterized as a(n): C a. Futures contract b. Forward contract Over-the-counter contingent claim. C

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