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(a) In February, Dave purchased a June futures contract on the NASDAQ 100 Index. He decides to close out his position in April. Describe how

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(a) In February, Dave purchased a June futures contract on the NASDAQ 100 Index. He decides to close out his position in April. Describe how he would do so. (b) Peggy is a futures trader. In early August, she took a short position in an S&P 500 Index futures contract expiring in September. After a week, she decides to close out her position. Describe how she would do so

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