[单选题]

A portfolio manager is required to sell 31,250 shares of XYZ Inc. in two months. She is concerned the price of XYZ shares will decline during the 2-month period, so she enters into a deliverable equity forward contract to sell 31,250 shares of XYZ in two months for EUR 160 per share. When the contract expires, XYZ is trading at EUR 138 per share. The portfolio manager will most likely:

A.Pay EUR 687,500 to the dealer.

B.Receive EUR 4,312,500 from the dealer.

C.Receive EUR 5,000,000 from the dealer.

参考答案与解析:

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