What is the difference between a forward and a futures, Financial Management

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What is the difference between a forward and a futures

1) How is the volatility of the underlying asset price related to the time value of an option?

2) What is the difference between a forward and a futures contract?

3) Explain why a bank might enter into a fixed-for-floating interest rate swap as a fixed rate payer.

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Financial Management: What is the difference between a forward and a futures

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Financial Management: What is the difference between a forward and a futures

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