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.

Question

Quizplus · Accepted Answer

A future is a type of contract that obligates the holder to either buy or sell a commodity at a specific price and time in the future. Warrants and options are similar, but they are slightly different contract types. A convertible contract is a type of bond that can be converted into shares of stock at a later date.

A(n)________ Is a Contract That Requires the Holder to Buy