Question: u ' ' ' ' u' 86. Two parties agree to a forward contract on a non-dividend-paying stock at a price of $103.00. At contract

u ' ' ' ' u' 86. Two parties agree to a forward contract on a non-dividend-paying stock at a price of $103.00. At contract expiration, the stock trades at $105.00. In a cash-settled forward contract, the: A. short pays the long $2.00. B. short pays the long $103.00. C. long pays the short $105.00

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