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What is a key difference between a future and a forward contract? 1) Future contracts have default risk while forward contract do not have default
What is a key difference between a future and a forward contract? 1) Future contracts have default risk while forward contract do not have default risk 2) Future contracts are settle at maturity while forward contracts are mark-to market daily 3) Future contracts trade on an exchange while forward contract trade over-the counter 4) They are identical, the names can be interchanged
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