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(10) Suppose you purchase 10 orange juice contracts today at the settle price of SI per pound. How much do these 10 contracts cost you?

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(10) Suppose you purchase 10 orange juice contracts today at the settle price of SI per pound. How much do these 10 contracts cost you? If the settle price is lower tomorrow by 2 cents per pound, how much do you make or lose? The contract size is 15,000 pounds. (20 marks)

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