Question: Which two of the following are key differences between an option contract and a forward contract? I. option contracts can be resold but forward contracts

Which two of the following are key differences between an option contract and a forward contract? I. option contracts can be resold but forward contracts cannot II. the option price is determined at settlement while the forward price is determined when the contract is initiated III. the rights and obligations of the buyer IV. cost when contract initiated

III and IV only

I and II only

I and III only

II and III only

II and IV only

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