Explain why forward contracts have been trading for centuries. What economic function do they perform? What improvement
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A forward contract is a binding agreement between a buyer and a seller to trade some commodity at a fixed price at a later date Because a forward fixe...View the full answer
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Related Book For
An Introduction to Derivative Securities Financial Markets and Risk Management
ISBN: 978-0393913071
1st edition
Authors: Robert A. Jarrow, Arkadev Chatterjee
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