Question: Which is not a viable method of effectively closing out a long position in a commodity forward contract? Make payment at delivery for the contractual

  1. Which is not a viable method of effectively closing out a long position in a commodity forward contract?

  1. Make payment at delivery for the contractual commodity.
  2. Take a reversing position in an identical commodity future that has a delivery date one month after your contract.
  3. Enter into an identical, but reverse position, contract with a third party.
  4. Enter into an identical, but reverse position, contract with the original party who holds the short forward contract.

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