Question
A contract by which I will sell $100,000 of bonds at a percentage-of-par price of 97.500 for delivery in June 2021. The contract is listed
A contract by which I will sell $100,000 of bonds at a percentage-of-par price of 97.500 for delivery in June 2021. The contract is listed on an exchange and the rules of the exchange specify 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?
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Personal Finance
Authors: Vickie L Bajtelsmit
2nd Edition
111959247X, 9781119592471
