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One day ago, you entered into a futures contract to buy 55,700 at $1.28 per . Following the outcome of the US election, suppose the

One day ago, you entered into a futures contract to buy 55,700 at $1.28 per . Following the outcome of the US election, suppose the futures price closes today at $1.19. How much have you made/lost?

a. You have made $5,013.00.

b. Depends on your margin balance.

c. You have neither made nor lost money, yet.

d. You have lost $5,013.00.

e. You did not exercise the future contract.

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