What is the difference between a forward contract and an options contract?Group of answer choicesboth commit the parties involved to a transaction in the future; only the forward contract sets the future price in advance because option contracts set future quantitiesforward contracts commits the parties involved to a transaction in the future at a price agreed upon today; options contracts are similar but they commit the parties to honor whatever the market price happens to be in the futurea forward contract commits the parties involved to a transaction in the future at a price agreed upon today; an option contract gives one party the option to buy or sell in the future at a price agreed upon todaya forward contract gives one party the option to buy or sell in the future at a price agreed upon today; an option contract commits the parties involved to a transaction in the future at a price agreed upon today