Question
The difference between a futures contract and a forward contract is the: Payoff profile of the seller. Settlement process. Payoff profile of the buyer. Use
The difference between a futures contract and a forward contract is the:
Payoff profile of the seller.
Settlement process.
Payoff profile of the buyer.
Use of the spot rate versus the contract rate at settlement.
Ability to write a futures contract, but not a forward contract, on an exchange rate.
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Investments
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
6th Edition
8120321014, 978-8120321014
