A futures contract differs from a forward contract, Financial Management

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A futures contract differs from a forward contract

A futures contract differs from a forward contract because

A. Only the forward contract has a symmetrical payoff B. Futures contracts are designed for speculators C. Forwards may not be subject to the same margining rules as futures contracts D. Futures contracts obey "spot-futures parity", while forward contracts do not

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Financial Management: A futures contract differs from a forward contract

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