单项选择题:
An analyst does research about future transaction. In general, which of the following is least likely to prefer for an investor to terminate a future contract at expiration（）
A. Delivery. B. Closeout. C. Cash settlement.
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答案：A
解析: 由于考虑到交易成本，特别是对于实物商品期货而言，总体来讲投资者更愿意选择在到期时平仓或者现金结算。