A forward contract may be used for which of the following?1) A fair value hedge of an asset.2) A cash flow hedge of an asset.3) A fair value hedge of a liability.4) A cash flow hedge of a liability.
A. 2 and 4
B. 1 and 3
C. 1, 3, and 4
D. 1 and 2
E. 1, 2, 3, and 4
Answer: E
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