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Suppose on September 30, 2005, you buy 10 futures contracts…
Suppose on September 30, 2005, you buy 10 futures contracts on the Euro at the price of $1.2405/Euro in the morning of that day. At the day’s close, the price settles at $1.2415/Euro. Do you gain or lose in your account (marking to market)? How much? (Note: The contract size is Euro125,000).
Suppose on September 30, 2005, you buy 10 futures contracts…