Discuss two similarities and two differences between a futures contract and a forward contract. When would the use of one be preferred over the other?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter21: Risk Management
Section: Chapter Questions
Problem 6QTD
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Discuss two similarities and two differences between a futures contract and a forward contract. When would the use of one be preferred over the other?

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