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Is the following statement true, false or uncertain? Explain your response. At time t, I open up a long position in 10 crude oil futures
Is the following statement true, false or uncertain? Explain your response. At time t, I open up a long position in 10 crude oil futures contracts at $60/barrel. Each contract is written on 250 barrels of crude oil. At time T, if I close out my position at $62.50/barrel, the balance in my margin account is $6,250.
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