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1. Yesterday you bought a futures contract at a price of $1.106 per Euro. Today, futures trading settled at $1.20, resulting in a ______ for

1. Yesterday you bought a futures contract at a price of $1.106 per Euro. Today, futures trading

settled at $1.20, resulting in a ______ for your futures position.

a. Gain

b. Loss

c. Not Enough Information to Determine.

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