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A coal distributor buys a coal futures contract that requires acceptance of 46,000 tons of coal at 1.26 per ton. How is the account marked

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A coal distributor buys a coal futures contract that requires acceptance of 46,000 tons of coal at 1.26 per ton. How is the account marked to market if coal futures close the next day at 1.24 ? A loss of E920 is posted to the account. A gain of 920 is posted to the account. A loss of E9,200 is posted to the account. A gain of 9,200 is posted to the account

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