单选题 Which of the following statements regarding equity forward contracts is FALSE? A. Equity forwards may be settled in cash. B. Dividends are never included in index forwards. C. A short position in equity forward could not hedge the risk of a purchase of that equity in the future.

【正确答案】 B

【答案解析】Index forward contracts may be written total return contracts, which include dividends. Contracts may be written to settle in cash, be deliverable, or may be on custom portfolios. A long position is used to reduce the price risk of all expected future purchase.