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1)Describe the key differences between currency futures and options. 2)Dec. 2020 Euro futures is now trading at $1.1650. If you buy one Euro futures contract

1)Describe the key differences between currency futures and options.

2)Dec. 2020 Euro futures is now trading at $1.1650. If you buy one Euro futures contract (size = C$100,000) at this price and sold it at expiration when its price settles at $1.1720, what is your profit/loss from this transaction?

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