GO LONG THE FORWARD CONTRACT. THERE IS NO COST ASSOCIATED WITH THE...

1. - L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2008
L3 MOCK SAMPLE EXAM CFA LEVEL III GUIDELINE ANSWERS 2008
1. Go long the forward contract. There is no cost associated with the purchase of the contract, but a payment of 313 cents/lb in three months is required.