• What are the historical differences in the way forward and futures contracts are structured and traded?
• How are the margin accounts on a futures contract adjusted for daily changes in market conditions?
• How can an investor use forward and futures contracts to hedge an existing risk exposure?
• What is a hedge ratio, and how should it be calculated?
• What economic functions do the forward and futures markets serve?
• How are forward and futures contracts valued after origination?
• What is the relationship between futures contract prices and the current and expected spot price for the underlying commodity or security?