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10. Suppose you are holding a long position in a euro futures contract that matures in 76 days. The agreed upon price is $1.15 for

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10. Suppose you are holding a long position in a euro futures contract that matures in 76 days. The agreed upon price is $1.15 for 125,000 euro. At the close of trading today, the futures price has risen to $1.155. Under marking to market procedure required by the futures exchange, you now: a) hold a futures contract that has risen in value by $1,250 b) hold a futures contract that has fallen in value by $625 c) will receive $625 and a new futures contract priced at $1.155 d) must pay over $1,250 to the seller of the futures contract 10. Suppose you are holding a long position in a euro futures contract that matures in 76 days. The agreed upon price is $1.15 for 125,000 euro. At the close of trading today, the futures price has risen to $1.155. Under marking to market procedure required by the futures exchange, you now: a) hold a futures contract that has risen in value by $1,250 b) hold a futures contract that has fallen in value by $625 c) will receive $625 and a new futures contract priced at $1.155 d) must pay over $1,250 to the seller of the futures contract

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