1. Suppose you are convinced that the Dow stocks are going to skyrocket in value. Consequently, you...

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1. Suppose you are convinced that the Dow stocks are going to skyrocket in value.

Consequently, you buy 20 Mini-DJIA futures contracts maturing in six months at a price of 25,900. Suppose that the Dow Jones Industrial Average is at 26,220 when the contracts mature. How much will you make or lose?

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