You are a financial manager of a firm which exports its products to a few foreign a countries. The amount of your firm's exports varies from time to time, and the foreign currencies payments of the credit sales are not made at regular intervals (for examples monthly or quarterly). Between futures and forward contracts, which instrument would you choose in order to hedge your firm's exposure to foreign exchange risk? Compare and contrast both contracts to justify your choice. [8 marks] You are a financial manager of a firm which exports its products to a few foreign a countries. The amount of your firm's exports varies from time to time, and the foreign currencies payments of the credit sales are not made at regular intervals (for examples monthly or quarterly). Between futures and forward contracts, which instrument would you choose in order to hedge your firm's exposure to foreign exchange risk? Compare and contrast both contracts to justify your choice. [8 marks]