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Forward contract stated that one party agrees to buy a commodity at a specific price on a future date and the counterparty agrees to make
Forward contract stated that one party agrees to buy a commodity at a specific price on a future date and the counterparty agrees to make the sale and there is physical delivery of the commodity. Kindly explain one (1) example of commodity that applies forward contract. Explain what are the benefit gains by trader in trading the commodity? Your discussion should include the real commodity in the current market. (15 marks)
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