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10. Vic needs to buy 50,000 pounds of copper, with July 20 delivery required. Coincidentally, Joe's company expects to have 50,000 pounds of the metal

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10. Vic needs to buy 50,000 pounds of copper, with July 20 delivery required. Coincidentally, Joe's company expects to have 50,000 pounds of the metal available on July 20. ForT copper futures contract requires delivery of 25,000 pounds of copper The risk-free rate is 3.5% FoT 0, tFo ViC buys two July copper futures contracts at a price of $2.36/pound, and J sells two July copper futures contracts at a price of $2.36/pound Profit= undinitor What are Vic's and Joe's (in that order) theoretical maximum losses? a) 0 and 118000 b) 118000 and 118000 c) 118000 and unlimited a unimited and 118000 e) unlimted and unlimited

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