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Simultaneous conversion has a higher cost than pilot and phased conversion because more staff are required to support all of the locations.
Futures Contract
A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for hedging or speculating on the future price of financial instruments.
Forward Contract
A forward contract is a non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.
Listed Put Option
A put option that is traded on a registered exchange, where the holder has the right to sell a specified quantity of an asset at a set price before the option expires.
Cash
Liquid assets that are readily available for immediate use in transactions or to cover short-term liabilities.
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