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1. Find an example of a commodity or asset that has both an active futures and forward market.

a. What exchange trades the futures contract on the commodity/asset in your example?

b. Who are the main participants in the forward market for this commodity/asset?

c. What are the relative advantages/disadvantages of trading the futures market contract rather than a contract in the forward market? Again, be specific and comment on the futures and forward markets in your example.

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