Question: List and explain the key differences between a forward contract and a futures contract, based on financial securities Cite and explain four features of market

  1. List and explain the key differences between a forward contract and a futures contract, based on financial securities
  2. Cite and explain four features of market microstructures in Nairobi Securities Exchange
  3. AS stated by Akerlof (1970), the securities offered in the market are likely to be lemons. Cite and explain three market anomalies that arise due to the market.

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