2. Is the following a forward contract or a futures contract? (2 points) A contract by which I will sell $100,000 of bonds at a percentage-of-par price of 97.500 for delivery in June 2017 The contract is listed on an exchange and the rules of the exchangespecify when in June the delivery takes place, and the method of payment. The contract is settled through the exchange clearing house. Forward or futures? Why