1. When a house is purchased, the contract is signed first and the closing is expected weeks later. At the closing, the buyer pays the seller for the house and the buyer takes possession. Explain how this transaction is like a futures or forward transaction.
2. For the next three futures expirations, you observe the following Eurodollar quotations: MAR 95.00 JUN 94.70 SEP 94.35 What shape does the yield curve have? Explain.I need an expert who can answer this question asap!