Which of the following statements is false about futures contracts? (a) If you are in...

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Accounting

Which of the following statements is false about futures contracts?

(a) If you are in a short position of the S&P 500 index futures, on maturity date you deliver

a portfolio of stocks that resembles the S&P 500 index portfolio.

(b) A futures price of a futures contract is the delivery price that makes the contract have zero value.

(c) If you are in a long position of a futures contract, you need to worry about whether you have enough money even if you plan to hold it until maturity.

(d) There are differences between futures and forward contracts although we often use the same formula to price them.

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