Vhat is a forward contract? Choose the correct answer from the list below.) A contractual agreement to buy or sell an asset at a specified price on a future date. A standardized derivitive contract which is traded on an organized exchange. O An contract that gives the purchaser the right, but not the obliation, to buy or sell an asset at a specified before a future date An insurance policy that pays out when a future event occurs. What is an option (Choose the correct answer from the list below.) An order to buy or sell an asset immediately at its market price. A contractual agreement that gives the holder the right, but not the obligation to buy or sell the underlying asset ata specified price in a specified period of time. Aspe of insurance product that can rise or fall in value based on the performance of its underlying investment portfolio An exchange of fixed interest payments for floating intrest payments over a period of time