[Solved] A one-year forward contract is an agreement where A) One side has the right to buy an asset for a certain price in one year's time. B) One side has the obligation to buy an asset for a certain price in one year's time. C) One side has the obligation to buy an asset for a certain price at some time during the next year. D) One side has the obligation to buy an asset for the market price in one year's time. Asteroid Impact: A phenomenon where an asteroid collides with another celestial body, such as Earth, potentially causing significant geological and biological effects. Carbonate Rock: Sedimentary rocks, such as limestone, that are composed primarily of carbonate minerals. Microscopic Organisms: Tiny life forms, often unicellular, that are not visible to the naked eye and require a microscope to be observed. Mass Extinction: Mass Extinction is an event in which a significant, widespread, and rapid decrease in the biodiversity on Earth occurs, often due to catastrophic environmental changes.