answer questions for E12-1 (i included the section below to show that it is one question with multiple parts so please do not give me the - chegg only allows one question)

EXERCISES E 12-1 1. What is a characteristic of a forward contract? a Traded on an exchange b Negotiated with a counterparty c Covers a stream of future payments d Must be settled daily 2. What is a characteristic of a swap? a Traded on an exchange b Only interest rates can be the underlying c Covers a stream of future payments d Must be settled daily 3. What is a characteristic of a futures contract? a Gives the holder the right but not the obligation to buy or sell b Negotiated with a counterparty c Covers a stream of future payments d Must be settled daily 4. What is a characteristic of a option? a Gives the holder the right but not the obligation to buy or sell b Negotiated with a counterparty c Covers a stream of future payments d Must be settled daily E 12-2 1. Which of the following is true about the seller of a put option? a They have the right to buy the underlying They have the right to sell the underlying c They have the obligation to buy the underlying They have the obligation to sell the underlying 2. Which of the following is true about the holder of a call option? a They have the right to buy the underlying They have the right to sell the underlying c They have the obligation to buy the underlying d They have the obligation to sell the underlying