5. Suppose you are expecting your fourth child in six months and you need a bigger car.You have your eye on a used three-year-old minivan that currently costs approximately$10,000. You are concerned about the pricing and availability of this specific car in sixmonths' time, but you won't have enough money to purchase the car until six monthsfrom today.a. How could you advertise in the newspaper for a forward contract witha counterparty that would eliminate your risk?b. Who would be willing to take the short position on your forward contract? (Whois the likely counterparty?)

Business law is the aspect of the law that describes the rules, regulations, and laws that are…

Answered: 5. Suppose you are expecting your…

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