A(n) ________ is a contract that requires the holder to buy or sell a stated commodity at a ...

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A(n) ________ is a contract that requires the holder to buy or sell a stated commodity at a ...

A(n) ________ is a contract that requires the holder to buy or sell a stated commodity at a specified price at a specified time in the future.
A) warrant
B) option
C) futures
D) convertible contract

Textbook

Financial Management: Principles and Applications

Edition: 13^th

Authors: Titman, Keown, Martin

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