94. Two parties agree to a forward contract to deliver the S&P 500 Index at a price of
$375,000 in 2 months time. When the forward contract expires, the price of the
S&P 500 Index is $350,000 but the long party is unable to pay the cash
settlement. The short party is most likely obligated to:
A. Default on the forward contract
B. Do nothing until the long makes payment
C. Accept delivery of S&P 500 stocks from the long
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