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hi, I need help answering these questions please. Can you please show the work thanks. On Monday morning, and investor enters a futures contract that
hi, I need help answering these questions please. Can you please show the work thanks.
On Monday morning, and investor enters a futures contract that matures on Wednesday afternoon The agree price is $ 1.95/for 62, 500. At the close of trading on Monday, the futures price has risen to $ 1.96/. At Tuesday close, the price rises further to $1.98/. At Wednesday close, the price fells to $1.9555/, and the contract matures The investor takes delivery of the pounds at the price of $1.9555/Detail the daily settlement process. Ignore margin requirements. What will be the investor's net gain/lossStep by Step Solution
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