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Newspaper for a forward contract with a counterparts

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Reference no: EM131222342

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 six months' time, but you won't have enough money to purchase the car until six months from today.

1. How could you advertise in the newspaper for a forward contract with a counterparts that would eliminate your risk?

2. Who would be willing to take the short position on your forward contract? (Who is the likely counter party?)

Reference no: EM131222342

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