Question: In your own words, explain the critical differences between the forward, the futures, and the options markets. What advantages does a futures market offer that

In your own words, explain the critical differences between the forward, the futures, and the options markets. What advantages does a futures market offer that is not available in a forward market? What advantages does a forward market offer that is not available in a futures market? What advantages does an options market offer over a forward or a futures market?

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